Audit

The Independent Authority for Public Revenue (AADE) has made leaps in the digitization of its services, and not only of those offered to citizens but also in its necessary audits.

The Athens Municipality will be conducting an audit of the authority's finances following the discovery by the new administration of a significant shortfall in its coffers after assuming office nearly seven months ago.

The probe, which will be carried out by a team of chartered accountants and lawyers, was ordered by Athens Mayor Haris Doukas and approved by the Municipal Council.

Details of the fines imposed - The auditors of the Hellenic Revenue Service have started checking the company's books in order to record its overall tax behaviour

Extra tax and fines amounting to almost 1.955 billion euros were attributed by the Independent Authority for Public Revenue (AADE) in 2023 to taxpayers and businesses after audits they carried out, even finding extensive tax evasion in some cases. Of this amount, however, only €305.7 million, or 15.6% of those certified, flowed into the state coffers.

The audit mechanism must complete each audit it undertakes within two years, according to new rules on the tax administration.

With this move, businesses will stop being hostage to the taxman, while the cases forgotten in drawers will necessarily come out and must be completed quickly.

The inspection in "Pirogov" conducted by the Agency for State Financial Inspection (ASFI), initiated by the Bulgarian Minister of Health, Professor Hinko Hinkov, has concluded. The medical institution reported that no evidence of committed crimes or abuses has been found.

The Greek tax administration (AADE) intends to launch sweeping audits of businesses, based on the average turnover per sector and what self-employed professionals and businesses have declared on the myDATA electronic platform.

Property owners and managers who rent out properties through short-term rental platforms such as Airbnb and Booking.com, freelancers who will activate their card terminals for the first time from January 2024, the 20,000 professionals with low incomes but high gross profits, and those who bought real estate with cash will be the priority for inspections by the Independent Authority for Public R

Appeals by residents or local government bodies (or both), disputes between companies, and service delays in the delivery of required spaces for the establishment of construction sites - e.g. due to the need for expropriations - are just a few examples of the issues that continue to derail the timetables of most of the country's major projects.

Self-employed} professionals will first have to pay the tax based on their presumed income before requesting an audit from the tax authorities and disputing the amount charged to them.