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tax evasion

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 State Gets Very Little From Much-Discussed Lagarde and Borjans Lists

The Greek State earned very little from the famous Lagarde and Borjans lists of alleged tax dodgers, instead of the estimated 1 billion euros government officials were claiming to receive. A recent decision of the Plenary Session of the Council...

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...

Greece's Finance Ministry Launching 'Receipt Lottery' at End of June

The Finance Ministry will be launching a "receipt lottery" in hopes of encouraging consumers to ask for receipts and decreasing tax evasion. It is set to start in late June across Greece and the ministry has allotted 12 million...

Authorities to Audit 70 Greek Businesses Based in Bulgaria

The Independent Public Revenue Authority is conducting extensive audits on 70 Greek businesses based in Bulgaria, according to agency officials. The aim of the public revenue authority is to determine whether the companies are actually active in the neighboring...

Greek Public Revenue Authority Reinforces Staff in Tourist Areas

Greece's Independent Public Revenue Authority (AADE) has announced it is reinforcing tax inspector staff in tourist areas for the summer season to step up checks. The aim of the operation is to have merchants and service providers issue receipts for...

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...

Parliament Agrees to Form Special House Committee to Investigate Yiannos Papantoniou

Convicted for attempting to hide some 1.3 million euros from Greek authorities, Yiannos Papantoniou and his wife Stavroula Kourakou are about to undergo another probe into the past. This time, the Greek Parliament has decided to initiate a probe into...

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...

Seven in Ten Greeks Are Now Using Debit and Credit Cards

More than two out of three Greeks are now using debit or credit cards for their daily transactions, even though they have reservations over their use, a new study shows. In the survey conducted March 6-13 by the Commerce and...