Tax evasion

Cyprus' Customs Department, along with the island's Unit for Combating Money Laundering (MOKAS) and the police, addressed the issue of money laundering controls in the Republic of Cyprus during a session held on Wednesday by the Parliamentary Institutions Committee.

Tax authorities are now looking at social media and the internet to identify and track tax evaders.

Deputy National Economy and Finance Minister Harry Theoharis paid a visit to Larissa, central Greece, on Tuesday to meet with local economic agencies as part of an effort to boost regional areas and reforms.

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.

Greece's tax authority uncovered tax evasion totalling three million euros at an Athens night club.

Following a tip, the Independent Authority for Public Revenue (AADE) discovered that the business had not submitted a tax return that for the 2022 tax year, concealing revenues of 2.7 million euros, while also avoiding the payment of VAT totalling 255,000 euros.

As the Kurir writes, referring to its sources, they are suspected of money laundering. According to unofficial information, the owners of private companies and agencies were arrested.
Blic, on the other hand, learns that the detainees are suspected of having laundered over 350 million dinars and are charged with the criminal offense of money laundering.

A criminal organization engaging in tax fraud totaling over 15 million euros and tax evasion of 70 million euros was dismantled by the Economic Police Directorate in Greece, reported the Hellenic Police (ELAS) on Wednesday.

Amid the investigations into money laundering and tax evasion targeting numerous influencers, the ruling Justice and Development Party (AKP)'s comprehensive 60-article judiciary bill to be submitted in the upcoming year will include regulations addressing high-profile accounts suspected of criminal activities.

Parliament has voted into law a Finance Ministry bill on measures to restrict tax evasion that introduces new regulations for freelancers and the self-employed.

All 158 MPs from ruling New Democracy voted for the bill in principle, while 140 voted against it.

Main opposition SYRIZA, PASOK and the Communist Party had requested roll-call votes in specific articles.

Taxi drivers participated in a work stoppage in Athens from 9 a.m. to 4 p.m. on Thursday, which was followed by a protest rally at the Ministry of Transport to demonstrate against a new tax bill designed to crack down on tax evasion of self-employed professionals. Τhey have also announced a 24-hour strike for November 22.