Wednesday August 20, 2014 Search
Weather | Athens
29o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Registration numbers of tax dodgers’ will be suspended

By Sotiris Nikas

The Finance Ministry plans to cancel the tax registration numbers of any taxpayers or enterprises that do not pay their due taxes as the government attempts to further contain its revenue losses.

A bill drawn up by the Administrative Reform Ministry and put up for consultation on Tuesday includes a clause that provides for “the tax authorities to be able to suspend the use of a tax registration number or proceed to its deactivation if objective data show that the taxpayer has ceased the exercise of his financial activity or that he has committed tax evasion or another crime.”

The Finance Ministry is hoping that the bill will persuade tax evaders to think again and present any income that they may have been hiding to date, as no financial activity is possible without a tax number. Any inactive enterprises will also be written off the ministry’s register.

This move had been recommended by the Organization for Economic Cooperation and Development, but the ministry has clarified that it will only concern tax evasion cases identified after Parliament has cleared the bill.

Anyone found to have evaded tax payments will first receive a notification from the responsible authorities, intended to serve as a warning, with the suspension or deactivation of the tax registration number following in case of noncompliance. The bill adds that “in every case the taxpayer will have the right to prove” he has not committed tax evasion.

The ministry must also issue decisions that will specify in detail which cases qualify as tax evasion. The General Secretariat of Public Revenues will have to draft those decisions soon so that the measure can be applied as early as possible.

ekathimerini.com , Tuesday Jul 8, 2014 (23:35)  
Few respond to safe account call
Greece’s allure as a destination spreads to Asia, South America
Rating agencies under fire for ´unjustified´ Greek downgrades
Concessions called for over Russian ban
Dendias talks tax, funds in Germany
The Greek government Tuesday took its case for lower taxes to Germany, where Development Minister Nikos Dendias met German Finance Minister Wolfgang Schaeuble and Economic Affairs and Energy...
Tons of peaches to be distributed to charities, churches
Tons of peaches which are sitting in refrigerators following a flurry of canceled orders by Russian importers will be distributed to charities, churches and other organizations dealing with ...
Inside News
ATHLETICS
Long jumper Tsatoumas takes Greece´s second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
SWIMMING
Silver for Greece in 5k team event at European Swimming Championships
Greece claimed the silver in the team 5 kilometer event at the 32nd European Swimming Championships in Berlin on Saturday. The Greek team of Spyros Gianniotis, Antonis Fokaidis and Kalliopi ...
Inside Sports
COMMENTARY
The responsibility of the West
Events in Iraq, Syria and the broader Middle East region today are to a large extent the result of the West’s failed policies and strategy. The United States, in particular, along with Brita...
EDITORIAL
Skewed taxes
It is essential that the government find a way to adjust the property values used for tax purposes so they match commercial property values as determined by the local market. Property owners...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Dendias talks tax, funds in Germany
2. Tons of peaches to be distributed to charities, churches
3. Mild summer results in fewer fires this year, figures show
4. SYRIZA may not propose presidential candidate, spokesman says
5. Anti-racism bill with tougher penalties due back in Parl´t
6. Few respond to safe account call
more news
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Greek stock recovery fading away as ASE falls 21 pct on valuations
3. US ship finishes neutralizing Syria's chemical arms off Crete
4. Ship runs aground off Oinusses but sea remains spill-free
5. Elderly pair given extra time to prepare defense for murder of son
6. Military staff file injunction against Finance Ministry over ruling ordering payback
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Samaras expects 'exceptionally important find' at Ancient Amphipolis
3. Rhodes villa built for Mussolini among properties Greek privatization fund is selling
4. Canada’s fiscal adjustment has lessons for Greece
5. Treating Amphipolis with care
6. Greece to offer law on restructuring bad loans next month
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.