Greece

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...

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...

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...

Tax evasion in Greece is estimated to be around 16 billion euros each year, according to a study by EY (formerly Ernst & Young) carried out on behalf of diaNEOsis research organization. According to the EY analysis, loss of revenue...

Auditors of Greece's General Secretariat for Public Revenue found out that many hotels and owners of rooms to let have been evading taxes for years. The audits started in June based on a list received from the Ministry of Culture,...

Tax evasion in Greece is estimated to range between 6 to 9 pct of the country’s GDP, which is equal to up to 32 pct of public revenues, according to research conducted by the independent research organization diaNEOsis, which...

According to a report on the Greek television station, Mega, over the last four-month period between January and April there has been a major VAT revenue shortfall on the Greek islands. The recent VAT hike from the already staggering 23 percent...

Greek government authorities assigned with the responsibility to combat black money have identified over 3,500 cases of tax evasion which amount to over 5 billion euros. The local tax authorities have been informed of these cases since 2014, but it...

The Public Prosecutor's Office of District Court Judges charged Former President of the Hellenic Parliament and former SYRIZA MP Alexis Mitropoulos with felony charges for money laundering and tax evasion, Greek media report. Mitropoulos, who served as the parliament's vice president from...

Greek Prime Minister Alexis Tsipras addressed the Greek Parliament on Friday a few hours before 300 Greek MPs decide whether or not they will legislate the bailout prior actions. Prior actions legislation will ensure the disbursement of 2 billion euros in...

A tax evasion scam was discovered by Finance Ministry inspectors who audited the souvenir shop at the Archaeological Site of Knossos on the island of Crete. The tax inspectors went to the souvenir shop of the well-known archaeological site after receiving...

Sweeping tax audits are in progress on Greek islands since last weekend and the first results show high tax evasion rates. The highest rates were recorded in hotels, restaurants and bars, where they did not issue receipts. It was reported that during 63...

Tax evasion from the tourism industry will cost Greece 1.5 billion euros in lost revenue in 2014, said the President of the Hellenic Chamber of Hotels (CHC), Giorgos Tsakiris. According to iefimerida.gr, Tsakiris made the blunt statement during an international tourism forum...

Tax evasion still hounds the Greek economic recovery, despite extensive measures taken by the Greek Ministry of Finance to reign in the problem. According to the Greek newspaper Imerisia, the turnover from tax evasion and illegal import-export of industrial products, fruits,...

Yannos Papantoniou, the former Minister of Finances and National Defence and his wife Stavroula Kourakou, are accused of tax evasion. They will face charges for allegedly evading 3 million Euros in taxes between 2000 and 2010. According to the Lagarde...