Taxation in the United States

The announcements include measures beyond those introduced by the Prime Minister a month ago. Minister Kostis Hatzidakis discussed four major changes:

The Four Changes:

A serious taxpayer extortion scandal has been uncovered on the island of Corfu following an investigation by the Hellenic Police (ELAS) in collaboration with the Independent Authority for Public Revenue (AADE). This case comes just months after a similar corruption incident was exposed at the Halkida tax office (DOY) on Evia island.

The tax office offers the opportunity for those who have committed tax violations to reduce the fines imposed on them by up to 50%. However, to secure a reduction in the fines, they must pay 25% of the assessed amount within three days after the settlement.

Clarifications on the tax on small second-class recreational boats included in the new law of the Ministry of National Economy and Finance entitled “New Development Program for Public Investments and Additional Provisions” were given by government spokesman Pavlos Marinakis in an interview with Skye radio station.

The Ministry of National Economy and Finance has indicated that 75% of the government’s pre-election pledges have already been fulfilled just a year and a half after the elections, largely due to the announcements made at the Thessaloniki International Fair (TIF). Now, preparations are already underway for a new wave of measures set to roll out from 2025 onward.

The auditing mechanism of the Independent Authority for Public Revenue (AADE) is homing in on undeclared income from short-term rentals, while also putting all betting companies operating in Greece in its crosshairs.

The tax authorities are turning their attention to influencers, particularly TikTokers, who earn income from their social media activities but fail to report it.

Next week, the method of calculating the social security contributions of 800,000 freelancers, self-employed and farmers will be determined.

The law stipulates that as of 2025, the contributions of the self-employed will be decoupled from inflation and linked to the rate of wage adjustment.

Treasury and Finance Minister Mehmet Şimşek has stated that his ministry will release the names of taxpayers with outstanding tax liabilities and penalties amounting to 5 million Turkish Liras ($146,750) or more to the public.

The reliance of Bulgaria's State Social Insurance (SSI) on the state budget is set to continue growing, according to an actuarial report by the National Social Security Institute (NSSI).