Saturday August 2, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Full checks on all spending

 Finance Ministry to obtain all electronic data on taxpayers transactions

By Prokopis Hatzinikolaou

Tax authorities will soon have a complete picture of taxpayers transactions as they will be able to check interest paid on bank deposits, credit card payments and most day-to-day spending ranging from electricity bills to private school tuition fees.

The aim is to ascertain the actual incomes of taxpayers that will be cross-checked with their declared incomes. According to a senior Finance Ministry official, authorities have identified taxpayers who spend more than twice as much as they earn on an annual basis according to their income tax declarations without that money having come from deposit withdrawals.

The decision signed by the general secretary for public revenues, Haris Theoharis, forces banks, investment and insurance companies, private clinics, private schools, universities and other tertiary education institutions, fixed and mobile networks, as well as electricity and water utilities to submit to the General Secretariat of Information Systems full details and data on their customers with a full record of their spending in 2013.

The decision calls on credit institutions to submit to the ministry all data relating to deposit interest, bank account transactions above a certain limit, loans, checks, credit card payments, money sent abroad, as well as a full record of transactions by the self-employed and enterprises that are deemed most likely to dodge tax payments.

Water companies will only forward data concerning annual consumption of over 1,000 euros, while private clinics must forward their data with the medical details attached, with the exception of mental health clinics and diagnostic centers.

All data will have to be forwarded to the ministrys general secretariat by the end of March, and will be retained for six years.

ekathimerini.com , Wednesday February 12, 2014 (22:05)  
Greek PMI drops to nine-month low in July
Property tax surplus may lead to more installments or cuts
Athens-Patra in just two hours
Plans to tackle Russian crisis
Libya evacuees set to reach Piraeus on Saturday
A Greek frigate carrying 186 people evacuated from conflict-ridden Libya is expected to reach the port of Piraeus early Saturday, the Greek Defense Ministry said. The evacuation operation to...
Coast guard seeks boost in Aegean
Efforts to boost the number of coast guard officers serving on Aegean islands where authorities have to deal with large numbers of undocumented migrants who are smuggled by traffickers from ...
Inside News
SOCCER
One win and one loss in Europa League
Greece had a hit and a miss in the first-leg games for the third qualifying round of the Europa League on Thursday, as Atromitos scored a 2-1 win at Sarajevo while Asteras Tripolis lost 1-0 ...
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
Inside Sports
COMMENTARY
In trying to conquer, Putin unites Europe
President Vladimir Putin is obliged to feign indifference to the sanctions that the European Union and the United States imposed on Russia this week. But, being the player that he is, he mus...
EDITORIAL
Our own worst enemies
A new study has come to exemplify the cliche notion that Greeks find it easier to excel abroad, where they fare much better than they do at home. According to research by epidemiologist John...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek PMI drops to nine-month low in July
2. Property tax surplus may lead to more installments or cuts
3. Athens-Patra in just two hours
4. Plans to tackle Russian crisis
5. Fifth straight day of losses on Greek bourse
6. Libya evacuees set to reach Piraeus on Saturday
more news
Today
This Week
1. Greece evacuates embassy staff, foreign nationals from Libya
2. Greek exporters worried about impact of Russia sanctions
3. Greek bond yields dip as investors anticipate ratings upgrade
4. Britons stranded at sea off Zakynthos towed to safety
5. Human rights watchdog criticizes decision to file Farmakonisi case
6. Jean-Claude Juncker to make first official visit to Athens on Monday
Today
This Week
1. Wine cup used by Pericles found in grave north of Athens
2. Defense Minister Avramopoulos to represent Greece at European Commission
3. Worlds largest solar boat on Greek mission
4. What lessons can we draw from antiquity?
5. Greece names fifth privatization agency chief in four years
6. Greek coast guard picks up 77 migrants off Myconos
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.