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Greece

''Apodixi Please'': Greece's Campaign to Inform Tourists About Tax Evasion

The Greek authorities launched recently the campaign dubbed ''Apodixi, Please'', meaning ''Receipt, Please'', in order to inform tourists on how to ask for a receipt from business owners, in order to reduce tax evasion in the country. As the website...

Greek Inspectors Pose as Clients to Combat 'Airbnb'-Type Tax Evasion

The Greek authorities are trying to battle tax evasion said to be rampant among the thousands of owners of Airbnb-type properties. Lacking a mechanism to monitor the short-term leasing of lodgings, inspectors have been doing random checks with the aim...

Authorities Suspend Business Licenses on Mykonos and Paros for Tax Evasion

Tax authorities suspended the licenses of businesses across Greece after audits showed blatant cases of tax evasion, reported the Athens News Agency. On Mykonos, authorities confiscated the license and plates of a vehicle of a business that was offering luxury...

Greece, Bulgaria to Swap Tax Evasion Info

One of the major issues plaguing the Greek state for decades, tax evasion, was the subject of talks between the revenue heads of Greece and Bulgaria in Sofia on Monday, according to an Independent Balkan News Agency report. The Greek...

Greece Releases List of Blatant Tax Evasion and Smuggling Cases

The Greek finance ministry on Wednesday tabled in parliament a list of blatant tax evasion and smuggling cases, as an addition to the state budget. The list of major tax evasion cases included countless fake invoices, businesses that were shut...

Ionian Islands ‘Champions’ in Tax Evasion

Official statistics show that the Ionian islands of Corfu, Zakynthos and Kefalonia have earned the rather unflattering title of tax-evasion champions. Figures from the Independent Authority for Public Revenue reveal that in the island of Corfu, for example, 59% of...

High Taxes Cause Drop in Revenues as they Lead to Tax Evasion

The data breakdown from this year's tax returns so far confirm what Greece's finance ministry officials were afraid all along: Declared income from freelancers dropped by 20%, compared to last year. According to a Kathimerini newspaper report, the tax burden...

Financial Police Raids at Popular Tourist Resorts Reveal Rampant Tax Evasion, Other Offenses

Financial police inspectors found delinquency rates ranging from 50-100% during raids on major tourist resorts in Greece over the last month, including the cosmopolitan islands of Mykonos, Santorini, Zakynthos and Corfu, the Greek police revealed on Monday. In some cases...

Police Shut Bars, Restaurants on Greek Islands for Tax Evasion

At least three businesses were forced to suspend operations for at least 48 hours due to tax irregularities in popular tourist destinations. Officers of the Independent Authority of Public Revenue are intensifying inspections on businesses during the high tourist season...

Greek Public Revenue Authority Plans 14,500 Raids in Tax Evasion 'Hot Spots'

Greece's Independent Authority for Public Revenue (AADE) is to conduct 14,500 swift raids in tourist areas where rampant tax evasion is taking place. The operation plan is codenamed "Aegean and Argosaronikos," after the island areas where it is known that many...

FinMin Tsakalotos Stresses Need to Combat Tax Evasion

Finance Minister Euclid Tsakalotos on Monday stressed the need to combat tax evasion in order to increase tax revenues and reduce tax rates. Tsakalotos was addressing a conference of the Independent Public Revenues Authority on the dispute resolution and...

Study: Greek State Loses Up To €16 Bln per Year From Tax Evasion

The Greek State loses up to 16 billion euros per year, or 32 percent of annual revenue, from tax evasion, a new study shows. The study was conducted by the diaNEOsis institution, using data from international organizations as well. The...

Private Employees Union: Vouchers and Prepaid Cards in Lieu of Pay a Form of Tax Evasion

The Federation of Private Employees of Greece (OIYE) on Monday condemned the practice of offering employees gift vouchers for use in supermarkets and diners, in lieu of regular salary. The union said that companies, including large firms, were illegally...

Economic Prosecutor Launches Full Audit of Novartis Over Possible Tax Evasion

Economic prosecutor Panagiotis Athanasiou requested on Tuesday a full audit into the economic and tax reports of Swiss drug maker Novartis’ offices in Greece, as well of a number of senior executives, to investigate possible tax evasion and money...

Newspaper Publisher Stavros Psycharis to Face Criminal Charges of Tax Evasion, Money-Laundering

A first-instance court public prosecutor on Wednesday pressed criminal charges against newspaper publisher Stavros Psycharis for tax evasion and legalizing income from illegal activity, to the amount of 45 million euros. The charges against Psycharis are based on the findings...