Independent Authority

Tax inspectors shut popular Mykonos bar

A popular bar on the island of Mykonos has been ordered to close for four days from Monday after officers of the Independent Authority for Public Revenue (IAPR) and police suspended its operations due to tax evasion.
As the bar had also been ordered to close for two days last month for tax evasion offenses, this time the penalty was doubled.

The war on tax evasion

It may indeed sound like an exaggeration to say so, but the campaign launched by the Independent Authority for Public Revenue (IAPR), urging foreign visitors to demand receipts for goods and services, is just as important as the intensive checks by tax inspectors when it comes to cracking down on tax evasion.

Large-scale retroactive crackdown on tax evasion

Greece's Independent Authority for Public Revenue (IAPR) plans to tighten its grip on tax evaders, with an increase in checks, even retrospectively, dating back to 2014.
In particular, and for the first time, it will cross-check supplier and customer declarations with the corresponding income and value-added tax declarations from 2014 onward.

Tax authorities enlist Airbnb’s help

Greece's tax administration intends to ask for help from short-term property leasing platforms in order to identify the owners or managers of some 20,000 properties that have not been declared to the Independent Authority for Public Revenue (IAPR) as they need to be in order to be given the necessary property registration number.

French-Greek Chamber to host tax event

The French-Greek Chamber of Commerce and Industry is holding an event on Thursday at the French Institute of Greece (31 Sina, Athens) titled "Proposals for a Fair and Effective Tax Policy for Enterprises."
The keynote speaker will be the new head of Grant Thornton in Greece, Nikos Karamouzis, while corporate tax experts will offer their insight.

Overdue debts climb to 2.63 bln euros in Q1

New overdue debts to the taxman climbed to 2.63 billion euros in the first three months of the year, recording an increase of 389 million euros, according to data released by the  Independent Authority for Public Revenue on Friday.
In March alone, these debts stood at 2.50 billion euros, jumping by 468 million euros in 30 days.

Over 200,000 tax inspections planned this year

The Independent Authority for Public Revenue on Tuesday announced plans to conduct more than 200,000 inspections this year across the entire spectrum of financial activity in Greece.
Its objective is the collection of 7 billion euros in 2019 from confiscations, auctions and overdue arrears settlements, up from 6 billion euros collected last year.

Thousands of laughing gas canisters seized in Corfu

Port authorities on the Ionian island of Corfu confiscated 55,400 8-gram canisters of laughing gas (nitrous oxide) on Wednesday.

According to the Independent Authority for Public Revenue (IAPR), the canisters containing the gas also known as "hippy crack" - as well as balloons containing N2O - were found in a warehouse owned by an alcoholic drinks trader.

Vacation rentals' registration deadline set for Feb 28

Homeowners leasing their properties through platforms like Airbnb or HomeAway have until February 28 to register these assets with the Independent Authority for Public Revenue (AADE).

Owners can also use the authority's online platform to correct or amend any details pertaining to the property they are offering as a vacation rental.

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