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Finance Ministry

Greek Finance Ministry Attempts to Tackle Tax Evasion

The Greek Ministry of Finance has finally come to a decision about citizens who hide their income sources from tax authorities. It was announced on Thursday, that the new measures approved by the Ministry includes stricter and more expansive...

Deutsche Telekom to Increase Stake in OTE

Germany's major telecommunications company, Deutsche Telekom, is about to increase its existing 40% stake in OTE, buying a further 10% from the Greek government. As reported by the Greek media, Greece and Deutsche Telecom have reached an agreement. However, the Greek...

Greek Shipowners Consider New Tax Unconstitutional

The Finance Ministry tax initiative that tripled the capacity tax on all vessels in Greece has caused the intense reaction of the Greek Shipowners Union. The president of the union, Theodoros Veniamis, described the three-year tax that applies to all ships...

Las Vegas Sands Considering Casino in Athens Greece

World's largest casino operator, Las Vegas Sands, is examining the option of operating a casino in Athens, Greece. The company is considering this option after rejecting plans for the creation of a 30-billion-euros mega-resort in Spain. The head of the Las...

Long Lines For Final Installments and Road Tax

Thousands of Greek citizens gathered early on Monday morning at the tax departments and banks throughout the country in order to give back car and motorcycle license plates and take care of pending tax obligations before the end of...

Real Estate Tax Bill Submitted to Parliament

After many debates and continuing revisions, the Finance Ministry  has finally submitted the real estate tax bill to Parliament, which is expected to generate 2.63 billion euros of revenue in 2014. The new tax, which replaces a number of...

Greece Announces Primary Surplus of 2.7 Billion euros

According to data presented by the Ministry of Finance, on Thursday, the Greek primary budget surplus is amounting to  2.67 billion euros ($3.68 billion) for the first 11 months of the year, remaining on track to meet annual fiscal targets. As...

Tax Office Thoroughly Examines 1,600 Wealthy People

Financial and Economic Crime Unit (SDOE) received a list from Commissioner Horst Reichenbach, including well-known business executives and government organizations which will be examined thoroughly. A special decentralized tax audit service (KEFOMEP) intends to impose massive fines on wealthy taxpayers...

New Democracy Against Stournaras' Decision on New Taxes

The Greek Finance Minister Ioannis Stournaras created a new taxation about land parcels and plots. On the one hand, citizens are talking about an unconstitutional law and confiscation of their properties. They consider this taxation exhausting especially for large families,...

Tax Offices on Islands Close

As the Finance Ministry announced, from June 17, six tax offices on Greek islands will close, while 14 more will merge with other more central tax offices by September 1. The decision is in accordance with the Memorandum to have...