Independent Authority for Public Revenue
Huge fines are on the way for property owners who have not declared the actual size of their assets in a bid to dodge taxes, as the Independent Authority for Public Revenue will proceed with the online connection of the tax authorities' databases with the national cadaster upon the latter's completion.
The Independent Authority for Public Revenue is expected to focus in the coming days on three categories of professionals it suspects of widespread tax evasion: accountants, property realtors and auctioneers of high-value items.
Tax inspectors will be focusing on those professionals' tax returns for signs of money laundering.
At least 40 percent of businesses in well-known Greek holiday destinations are trying to cheat tax authorities out of revenue, according to data collected by the Independent Authority for Public Revenue.
In inspections conducted in July, the percentage of delinquent businesses on the islands ranged from 41 to 62 percent.
As of the last quarter of this year, the Independent Authority for Public Revenue is set to start piloting an online bookkeeping system for companies in a bid to spare Greek enterprises the hefty administrative costs of conventional bookkeeping that compromise their competitiveness, the authority's head Giorgos Pitsilis announced on Thursday.
The elections put the brakes on bank savings confiscations by the tax authorities, according to the Independent Authority for Public Revenue. May data saw a decline to just 6,002 confiscations against 10,673 in May 2018. From the start of the year to the end of May, 43,104 confiscations were carried out.