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Tough Penalties for Businesses with Debts to IKA

ikaSocial Insurance Institute (known in Greek as IKA), the largest social security organization in Greece announced on Tuesday 5th of November that the businesses that have not paid their contributions to the institute will face tough penalties from Wednesday 6th onward.
Deputy IKA chief Costas Papathanasiou spoke with SKAI TV on a Tuesday morning emission and said that the businesses said that “contribution dodgers” will be banned from submitting their online declarations from Wednesday and will be sent notifications to pay a fine within a few days after that.
Papathanasiou explained that 200,000 businesses have debts to IKA.
The current overall debts to IKA are something more than 7 billion euros while the Social Insurance Institute aims to collect at least 50 percent of this money after tougher penalties will be imposed.

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