Saturday August 23, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Ministry to cast wider net to catch tax evaders

In a bid to root out Greeks who are hiding sources of income from tax authorities, the Finance Ministry approved on Thursday a more expansive form of checks that will allow inspectors to assess the full range of taxpayers’ assets and expenses.

According to a decision taken by the General Secretariat of Revenues, bank deposits, investment portfolios, cars, pleasure boats, loans, cash, real estate and consumer expenses will be among the factors that will be taken into account by tax officials.

They will particularly focus on individuals whose assets and standard of living cannot be justified by their income, who exhibit large expenses, who are involved in loss-making companies and anyone about whom they receive information regarding possible tax evasion.

The onus will be on the taxpayer to prove his or her source of income and justify assets or purchases, rather than inspectors having to prove the appropriate tax has not been paid.

Greece’s slow progress in combating tax evasion has been a sore point in the government’s negotiations with the troika but has also been the source of public displeasure.

In a separate development, police in Alexandroupoli, northeastern Greece, said on Thursday they had arrested the 50-year-old representative of a nongovernmental organization over alleged debts to the state of more than 1 million euros.

The NGO is called Hellenic Association for International Development. It received 509,541 euros of taxpayers’ money between 1995 and 2001 to help combat illiteracy among Muslims in North Korea, Romania, Ukraine, Palestine and Turkey. Sources at the Foreign Ministry said that the NGO had claimed funding illegally and that it would be asked to pay the money back.

The NGO is one of 398 that was funded by the Foreign Ministry when Alex Rondos, a former adviser to George Papandreou, oversaw Greece’s international development program. Rondos is one of eight people to have been charged in connection to alleged fraud by an NGO called the International Mine Initiative. He denies any wrongdoing.

ekathimerini.com , Thursday February 27, 2014 (22:30)  
Baltakos rejects reports of plans to form own party
Athens finalizes Paris talks goals
Cleaning firm in IKA scam
Coalition set to nominate Kouvelis for president
ANALYSIS
Perceptions and praying for our peers
The performance of the eurozone’s other economies over the next few quarters will be much more important to Greece’s than the seemingly meager impact from the geopolitical crisis in Ukraine,...
New banking measures aimed at tackling nonperforming loans
The Bank of Greece is expected to deliver its latest code of ethics for the sector within the current week, possibly even today, as commercial banks scramble to deal with a mass of nonperfor...
Inside Business
Soccer refereeing investigation goes into final stage
A judicial probe into alleged corruption in Greek soccer is entering its final phase, with 11 top officials due to give depositions to Court of First Instance deputy prosecutor Aristidis Kor...
West Brom sign Greek international striker Samaras
West Bromwich Albion have signed Greece striker Georgios Samaras on a two-year contract following his release from Scottish champions Celtic, the English Premier League club said on Friday. ...
Inside Sports
COMMENTARY
Purification rituals
The collection of higher-than-expected state revenues (which exceeded the target set for the seven-month period by 555 million euros) from income taxes and the terrible introduction of the n...
EDITORIAL
Building a solid state apparatus
The conservative-led government is making a valiant effort to modernize the country’s public administration. Bringing the system up to a decent standard is of course a painstaking process th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Perceptions and praying for our peers
2. New banking measures aimed at tackling nonperforming loans
3. Smaller firms wiped out by the crisis
4. Bank shares on wild ride amid test fears
5. Baltakos rejects reports of plans to form own party
6. Soccer refereeing investigation goes into final stage
more news
Today
This Week
1. Purification rituals
2. Greek police in easiest drug arrest ever
3. Athens police seek hit-and-run driver after pedestrian dies
4. Athens finalizes Paris talks goals
5. Kavala man left 6 dogs at home without food or water for 2 weeks
6. Baltakos rejects reports of plans to form own party
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. The magical mountain
3. Merkel cites euro’s ‘construction flaws’ as economy sputters
4. Brussels warns Greece over plans to allow construction near Korinos beach
5. Greek stock recovery fading away as ASE falls 21 pct on valuations
6. Second man held over double murder in Mani
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.