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taxes

Greeks Still Opting to Hide 'Mattress Money' Instead of Depositing in Banks

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the growth of deposits in banks, the Bank of Greece (BoG) says. According to the latest numbers,...

Greek FinMin Says Investigation of Tax Evaders on Lagarde List Going at a Snails Pace

According to data recently released by Alternative Finance Minister Tryfon Alexiadis to the Greek Parliament, sifting through the long list of tax dodgers from the so-called Lagarde list is going at an extremely slow rate. Alexiadis says under-staffing and difficulty closing cases...

Increasing Number of Greeks Pay Income and Property Tax With Credit Cards

More and more Greeks have turned to credit cards to help them in paying their income and property taxes, according to the Greek newspaper Kathimerini. According to their data, the total amount of taxes put on credit cards in 2016...

Greece Falls Short of Revenue Targets in 8 Months Despite Tax Storm

Greece has fallen short of its revenue target by 1.8 percent. A deficit in the budget balance worth 1,040 million euros in the first eight months of 2016 and 1,104 million euros for the same period in 2015 bringing...

Report Shows Greece Only OECD Member State to Raise Corporate Tax in 2015

According to an Organization for Economic Cooperation and Development (OECD) report released which summarizes tax policy “Greece was the only country that raised the tax rate on corporations" in 2015. The report reveals that corporate tax rates in Greece were...

Increase in VAT Revenues as August Targets are Surpassed

VAT revenues increased significantly in August, surpassing monthly budget targets, while in the January-August period revenues surpassed targets by 3.01%. Both the Finance Ministry and the Secretariat-General for Public Revenue expressed satisfaction over the increase of VAT revenue which is attributed largely...

Government Crack Down to Tax Owners who Privately Sublet Rentals to Visitors

According to reports by Euronews, Greece's Deputy Finance Minister, Trifon Alexiadis told the media outlet that the government is planning to crack down on collecting taxes from property owners who privately sublet rentals to both long-term and short-term visitors via sites...

Greek Tax Odyssey: ENFIA Icing on Government's 23.3-Bln-Euro Tax Hunt

Greek taxpayers will need to brace themselves over the next few months for a total of 23.3 billion euros to be squeezed out of them in the form of income tax, priority taxes, car registration fees and other duties....

Deadline Extension Moved to November for Greek's Property Declarations

The Finance Minister has extended the deadline for making amendments to annual declaration forms for property owners due to numerous errors on the incoming forms received so far. The reposes to the errors on the part of the government has been...

Greece to Recruit Cash Sniffing Dogs to Sniff Out Tax Evaders

  A post on a Greek government website on Wednesday said that the Finance Ministry will be forming a committee to put together a team of specially trained dogs that will be trained to detect cash. The new team made of man's best...