tax evasion
Economy
Greek Business Federation Newsletter Describes Inventive Ways People Tax Evade
This week's Hellenic Federation of Enterprises (SEV) newsletter describes inventive ways Greek businesses and freelancers use to evade taxes and security contributions.
The newsletter underlines the need for measures that would tackle rampant tax and security contribution evasion. At the...
Crime
Supreme Court Upholds Ruling for Suspended Prison Sentence and Fines for Former Finance Minister
The Supreme Court upheld on Tuesday a four-year suspended prison sentence and a fine of 10,000 euros imposed on former finance minister Giannos Papantoniou and his wife, Stavroula Kourakou, for submitting an inaccurate wealth declaration for 2009.
Each of them...
Business
Finance Ministry Plans to Crack Down on Greek Businesses Slipping Through Tax Borders
Tax borders are about to become less easy to slip through for Greeks who become residents of countries with lower tax rates than Greece in order to save themselves some money.
According to sources, the Finance Ministry has proposed a...
Economy
IMF Report: Greek Debt Unsustainable, Reforms and Tax Cuts Needed
The Greek debt is unsustainable in the long-term and further fiscal measures are needed, despite progress and sacrifices made, the International Monetary Fund said on Monday.
According to the statement issued after the IMF board meeting, Greece needs to make...
Crime
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...
Economy
Greek Tax Office Not Ready to Implement Program for Electronic Payment Receipts
Greek tax authorities and the finance ministry are not ready yet to implement the program that would register consumer payments with debit and credit cards.
According to the finance ministry, as of January 1, 2017 goods and services purchased with...
Economy
Courts Asked to Clarify Ruling On Foreign Deposits That Could Cost the State €1 Billion
The Administrative Appeals Court has recently made a ruling that could end up costing the Greek state some €1 billion by ruling in favor of a plaintiff appealing fines for depositing unclaimed income in banks abroad, sources report.
The General Secretariat...
Greece
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...
Business
Survey Reveals Greek Businesses Set-up Ghost Companies in Bulgaria
The University of Bristol has conducted a survey which shows that a large percent of the Greek companies in Bulgaria are actually nothing more that ghost companies created to evade taxes.
The survey showed that of the 14,000 Greek-owned companies...
Business
Government Drafts Bill to Interconnect Tills Real-Time Data to Fin Min's Taxisnet System
The Greek government has drafted a bill on initiating the interconnection of tills and tax mechanisms with the Finance Ministry's online Taxisnet system in efforts to curb tax evasion and keep better tabs on the economy.
The new bill is set to go...