tax evasion

This week's Hellenic Federation of Enterprises (SEV) newsletter describes inventive ways Greek businesses and freelancers use to evade taxes and security contributions. The newsletter underlines the need for measures that would tackle rampant tax and security contribution evasion. At the...

The Supreme Court upheld on Tuesday a four-year suspended prison sentence and a fine of 10,000 euros imposed on former finance minister Giannos Papantoniou and his wife, Stavroula Kourakou, for submitting an inaccurate wealth declaration for 2009. Each of them...

Tax borders are about to become less easy to slip through for Greeks who become residents of countries with lower tax rates than Greece in order to save themselves some money. According to sources, the Finance Ministry has proposed a...

The Greek debt is unsustainable in the long-term and further fiscal measures are needed, despite progress and sacrifices made, the International Monetary Fund said on Monday. According to the statement issued after the IMF board meeting, Greece needs to make...

Economic prosecutor Panagiotis Athanasiou requested on Tuesday a full audit into the economic and tax reports of Swiss drug maker Novartis’ offices in Greece, as well of a number of senior executives, to investigate possible tax evasion and money...

Greek tax authorities and the finance ministry are not ready yet to implement the program that would register consumer payments with debit and credit cards. According to the finance ministry, as of January 1, 2017 goods and services purchased with...

The Administrative Appeals Court has recently made a ruling that could end up costing the Greek state some €1 billion by ruling in favor of a plaintiff appealing fines for depositing unclaimed income in banks abroad, sources report. The General Secretariat...

A first-instance court public prosecutor on Wednesday pressed criminal charges against newspaper publisher Stavros Psycharis for tax evasion and legalizing income from illegal activity, to the amount of 45 million euros. The charges against Psycharis are based on the findings...

The University of Bristol has conducted a survey which shows that a large percent of the Greek companies in Bulgaria are actually nothing more that ghost companies created to evade taxes. The survey showed that of the 14,000 Greek-owned companies...

The Greek government has drafted a bill on initiating the interconnection of tills and tax mechanisms with the Finance Ministry's online Taxisnet system in efforts to curb tax evasion and keep better tabs on the economy. The new bill is set to go...