Independent Authority

Some 119 kilos of cocaine with a street value of more than 5 million euros was found and seized from a container from Ecuador that docked at the port of Piraeus by auditors of the Independent Authority for Public Revenue following an investigation at the port. 

The price of Covid rapid and self-tests as well as PCR tests in pharmacies has increased, as they are now subject to a 6% VAT rate, the Independent Authority for Public Revenue (AADE) has said.

In a circular, the AADE pointed out that an EU directive allowing for a temporary VAT exemption for vaccines and testing kits had expired on December 31, 2022.

Grivalia Hospitality is fully controlled by Prem Wax Fairfax, according to a Competition Commission statement.

Thousands of Greek taxpayers, who "forgot" to declare to the Tax Office the income from their salaries or pensions they receive from abroad, were identified by the Independent Authority for Public Revenue (IAPR) through the process of automatic exchange of information with other countries.

The Independent Authority for State Revenue (AADE)  has started an investigation, as celebrities promote products and services through social media, but there are indications that they do not declare the income from this activity.

Independent Authority for Public Revenue (AADE) head Giorgos Pitsilis and Papastratos chairman and CEO Christos Harpantidis have signed a cooperation agreement aimed at battling the illicit trade in tobacco products, it was announced on Friday.

The agreement strengthens strategic cooperation between the two sides to combat the illicit trade.

Taxpayers and companies with debts to the state have until Thursday to apply for re-entering the payment plans of 100-120 tranches, and must also pay December's installment.

The tranches missed as a result of the pandemic - from March up to November - will be added after the end of the debt settlement program.

The suspension of tax obligations will not suffice to reverse the negative sentiment in the economy, recorded also in the tax authorities' statistics: Within just one month, expired debts to the state grew 1 billion euros, which calls to mind the decade of the bailout program, when every year saw the creation of €12-13 billion in new debts.

Phase 4 of the cheap state loans program known as the "Deposit To Be Returned," which expires on Monday, has given the Finance Ministry a message of optimism pertaining to the composition of the applicants to date.

The government is preparing significant tax incentives to encourage the use of zero- and low-emission vehicles, as well as the proliferation of electric vehicle charging stations.