The Independent Authority for Public Revenue is seeking out the real owners behind shell companies that owe the Greek state huge amounts of money, and a recent verdict by the State Legal Council should facilitate the authorities’ search to that end. The decision says that in cases where bogus enterprises – set up only to
The increased taxes on corporations and households, as well as higher consumption taxes, brought the Greek economy to its knees last year, according to the definitive data for the 2016 budget that the Finance Ministry released on Tuesday. The surplus in tax revenues compared to the target set for last year, which came to 1.7
Greeks’ taxpaying capacity has been exhausted, leading to 13.9 billion euros in unpaid taxes last year alone, according to data issued on Monday by the Independent Authority for Public Revenue. This has taken the number of taxpayers with expired debts to the state to 4.14 million, almost half of the total. All together, the arrears
The reduction in the income tax discount from next year should now be seen as a certainty, and it is destined to hurt most taxpayers, above all those in the lower income brackets. Changes in tax brackets and rates is also quite likely, as the creditors are insisting on changes there as well. The extent
The mergers and acquisitions (M&A) chart of Greece in 2016 that PricewaterhouseCoopers presented on Wednesday showed that foreigners have been acquiring assets in Greece while Greeks have generally been selling. In total last year assets with a combined value of 4.4 billion euros changed hands in 38 transactions. The value level is about two-and-a-half times
The multiple new taxes imposed in 2016 apparently lessened the tax inspection mechanisms’ appetite, as checks and collections were reduced compared to the targets in the bailout agreement. According to figures published by the Independent Authority for Public Revenue on Wednesday, both the Inspection Center for Large Enterprises and the Inspection Center for Wealthy Taxpayers
Personal safety and security is one of the most important aspects to consider when moving abroad for work. In a survey by InterNations, the world’s largest network for people who live and work abroad, the company asked 14,300 expats, representing 174 nationalities and living in 191 countries or territories, to rate 43 different aspects of
Having accepted that it will have to legislate new measures in order to conclude the bailout review, the government is hoping to also pass some tax breaks to counterbalance the impact. Kathimerini understands that the coalition would like to lower value-added tax on Greek islands and social security contributions for small- and medium-sized enterprises to
• Currency lifts Tokyo into top spot for first time since 2012 • London falls out of top 100 list after Brexit weakens pound Tokyo regained its top spot among the world’s most expensive cities for expatriates for the first time since 2012 as the yen rose. London fell out of the top 100 priciest
The General Secretary of Public Revenue of Greece puts Greek taxpayers’ real estate abroad under scrutiny, in cooperation with the 84 countries registered in the automatic information exchange system. Greek Tax Authority is going to scrutinize incomes derived from properties’ rents, while an investigation is underway whether money used to acquire these properties has evaded
