Informal economy

Greek tax authority enhances efforts against tax evasion with new digital app

Greece's Independent Authority for Public Revenue, known as AADE, is gearing up to intensify its efforts against tax evasion this summer with the introduction of a new digital tool called "ELEGXOSLive." The aim is to enhance tax compliance in Greek islands and other tourist areas.

PM Orban: ANAF not being computerized, reason for lowest tax collection rate in EU

Prime Minister Ludovic Orban said on Thursday night for the B1 TV private broadcaster that Romania has the lowest tax and duties collection rate in the European Union, one of the reasons being that the computerization of the National Tax Administration Agency (ANAF) was not carried out, although all the companies were required to change their cash registers.

Sticks, carrots and tax evasion

Once again, we are faced with the usual revelations of widespread tax evasion in popular summer destinations. It has been recorded in restaurants, clubs and even rented villas. Dealing with this problem, particularly in a country such as Greece where tax evasion is a long-standing malaise, requires a combination of tax cuts and stricter penalties.

Businesses in tourist hotspots do their best to avoid taxes, inspections find

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.