Calamos Supports Greece

Independent Authority for Public Revenue

Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's end. This amount equals the projected growth of the entire Greek economy this past year. By...

Five Billion Euros Added to Outstanding Debts to Greek State in June

New outstanding debts to the Greek State in June amounted to €5.192 billion, compared to €4.764 billion in May, according to the Independent Authority for Public Revenue (AADE). Out of the €5,192 billion euros, €4,164 billion are unpaid taxes. Of the...

Data of Greek Assets Abroad in Hands of Authorities

Information on deposits and financial assets that Greek taxpayers keep abroad started coming to the hands of tax authorities as part of an exchange of information between EU states. According to Kathimerini newspaper, the first batch of data concerning assets...

One-in-Two Greek Businesses 'Breaking Tax Laws'

One-in-two Greek businesses audited in the first quarter of 2018 were found to have committed some kind of tax offense, according to the Independent Authority for Public Revenue (AADE). AADE agents found that 50.2 percent of businesses audited had violated...

Taxman Busts Businesses on Greek Islands

Early revenue inspections on some popular Greek islands appear to have seen dozens of businesses fall foul of the taxman. After a raid by Independent Authority for Public Revenue (AADE) auditors on three islands on the 1 May weekend, a total...

Outstanding Debts to the State Increase by €770M in March

Outstanding debts to the Greek State increased by €770 million in March, reaching a total of €101.641 billion, according to data released by the Independent Authority for Public Revenue (AADE) on Friday. At the same time, old overdue debts in...

Six out of Ten Greek Debtors will See their Assets Seized by the State

Six out of ten debtors to the Greek State will see their bank accounts or homes confiscated from now on, as the number of Greeks with outstanding debts due to feel these measures reached 1,067,857. The Independent Authority for Public...

Greek Tax Office to Seize Debtors' Bank Accounts, Safety Deposit Boxes

A million Greek taxpayers with debts to the state could see their bank accounts and deposits raided. The Independent Authority for Public Revenue (AADE) plan for 2018 will also see more than 200,000 audits of corporations, companies, small businesses, bars, restaurants, professionals...

Debt of Greeks to the State Exceeds €100 Bln

The debt of Greek taxpayers to the State reached 100,739 billion euros at the end of November 2017, according to figures by the Independent Authority for Public Revenue (AADE). New overdue debts for the January-November 2017 period stood at 11,631...

Airbnb-type Rentals in Greece to Come Under Tax Scrutiny

The Greek government has introduced measures to bring short-term rental owners (like those using Aibnb services) under the taxman’s scrutiny by clamping down on rampant tax evasion. The owners of short-term rentals in Greece will now be provided a separate...