Tax

The digital transfer of property platform went into operation on Monday through the gov.gr portal for all citizens and notaries public who wish to avoid lengthy in-person registration times.

Once data is entered, the system will send the approved transfer or a justified rejection within a working day, instead of several-month delays, e-Governance ministers said.

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.

The director of the Independent Authority for Public Revenue (AADE), Giorgos Pitsilis, in a presentation at the 5th Tax Law Conference on Wednesday, presented the plan for the introduction of artificial intelligence in its services.

The government will next month submit to Parliament the new taxation framework with the establishment of a minimum tax rate of 15% for large multinational companies as well as large Greek groups.

In Greece it is relatively cheaper to smoke and eat meat, while it is better to forget milk, cheese and eggs, as well as olive oil, despite the fact it is produced in large quantities in the country.

If you want to communicate with friends and relatives, it is better for your pocket to see them in person than to call them or make a video call.

Bank of Greece Governor Yannis Stournaras on Wednesday reiterated his call to the government to review the tax exemptions not only to increase tax revenues, but also to apply them with fair criteria to those who really need them.

Taxpayers, such as property buyers, who insist on breaking the law by conducting cash payments in excess of 500 euros each are facing fines, which can reach up to twice the value of the transaction, as the provisions of the new tax law have come into force.

The government will broaden the tax base and increase the share of direct taxes, Vice President Cevdet Yılmaz has said.

"There have been criticisms such as 'too high a tax burden,'" Yılmaz said on Dec. 12 during his speech in the parliamentary talks on the government's 2024 budget.

Independent Authority for Public Revenue (AADE) Governor Giorgos Pitsilis spoke of progress in transforming the tax authority's organization and its services to the public at the 25th Capital Link Investment Forum in New York earlier this week.

He focused on the digitization of services that led to more effective procedures, and the use of technology to improve tax inspections.

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.