Independent Authority
Stricter penalties for non-use of POS
The Economy and Finance Ministry on Thursday submitted a provision to parliament which aims to increase fines and impose sanctions against business that have yet to install POS terminals linked to cash registers.
The plan also foresees fines for providers of POS terminals and cash registries who do not comply with the law.
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New AADE site in English too
The new official website of the Independent Authority for Public Revenue (aade.gr) went into operation as of Wednesday and it is also available in English.
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Online monitoring of realty
The long delay in connecting the land registry with the tax office has created a distorted picture, as the tax office does not know who exactly owns each property or its actual square footage.
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Rewarding debtors who pay
The tax administration intends to reward debtors who are consistent with the payment of dues to the state, and to establish new criteria and simpler procedures for granting evidence of tax awareness and debt certificates.
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Automatic tax declarations
The Finance Ministry and the Independent Authority for Public Revenue (AADE) are bringing an end to the concern about the submission of tax returns for about a million salary earners and pensioners.
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Tax inspectors stake out social media
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New system targets concealed income
Tax authorities are introducing new systems and cross-checks targeting those who conceal income.
More specifically, the Independent Authority for Public Revenue (AADE) will have a complete picture of the deposits, account movements, loans, investments, safe deposit boxes and digital wallets of all taxpayers under scrutiny within 48 hours.
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Improvement noted in tax compliance
Greeks displayed a significant improvement in tax compliance last year, partly thanks to the increase in electronic payments that are immediately recorded by the state, leading to tax revenues outperforming in 2023.
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Taxpayers under scrutiny
The first taxpayers declaring incomes below 10,000 euros per year yet found to have a much higher cost of living and revenues from abroad have been summoned by their tax offices.
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Short-term rental revenue up
Short-term rental hosts declared 33% more revenues to the tax authorities in the first 10 months of last year than they did the year before, official data have shown.
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