IAPR demands transaction data for deposits over 150,000 euros

The tax administration is asking the country's banks to provide details of all transactions since 2015 concerning the accounts of taxpayers who are under investigation.

The Independent Authority for Public Revenue will send demands to lenders for the immediate forwarding of the account data of taxpayers regarding whom prosecutors have issued orders or who are included in monitoring authorities' inspection plans.

Sources say the IAPR will also ask for transaction data concerning taxpayers with deposits in excess of 150,000 euros and major transfers within the country or to foreign banks. Checks on taxpayers with large deposits and transactions have recently been reduced considerably as the tax authorities did not have their transaction data dating back to 2015.

The so-called "Tax Big Brother" was left to hibernate, resulting in inspectors being unable to perform...

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