Wednesday Jul 30, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Big Brother will be watching taxpayers

 As of next year the Finance Ministry will have full access to property and transaction details and changes

By Prokopis Hatzinikolaou

The government is stepping up its battle against tax evasion with new monitoring tools which should leave little leeway for people who hide their incomes or fail to pay their dues.

The action plan of the General Secretariat for Public Revenues provides for the activation of the Property Registry as of 2015, along with the abolition of calculating incomes based on asset ownership. This year will see the start of new checking techniques, with ministry inspectors having online access to bank accounts, an expansion of confiscations for state debtors and the interconnection of the monitoring authorities with the Land Registry, the Social Security Foundation (IKA), the Primary National Health Network (PEDY) and the courts, among others.

The Property Registry in particular will improve Finance Ministry authorities’ accessibility to taxpayer data such as the ownership of real estate, vehicles, boats, aircraft, shares, bonds, corporate stakes, deposits, collections etc, with automatic updates on any change in capital tax data. The registry will allow for the electronic monitoring of all properties for 8.5 million taxpayers and the tracking of all financial transactions.

Tax authorities will keep an electronic file on every taxpayer which will include full data on all incomes, properties, loans, deposits, credit cards, shares, bonds, hospital expenditure, tuition fees and even spending on utilities. State agencies will be interconnected with ministry’s Taxis system, allowing for cross-checking and confirmation of the living standards of each taxpayer.

The ministry’s Secretariat for Public Revenues will gain access to monitored taxpayers’ bank balances within 2014 and later on inspectors will be able to monitor previous years’ balances. The bank account registry will allow authorities to gain a full picture concerning the banking profile of every citizen and enterprise under inspection, and is expected to apply in full from end-2014.

The secretariat will also activate indirect inspection checks by using other information on the assets of taxpayers to establish their living standards, including money forwarded abroad, foreign boat registers etc.

ekathimerini.com , Monday May 12, 2014 (23:43)  
Deals reached for twin plot on Afandou, for 42 million
More delays and red tape for companies’ tax rebates
Greek shipowners continue to invest in fleet renewal
Trainose sale is not on track
Troika review in Athens unaffected by Paris meeting
A meeting between troika and Greek government officials in Paris at the beginning of September does not mean that representatives of Greece’s lenders will not then travel to Athens to carry ...
Soldiers set to sue over wages
Members of the armed forces and emergency services look set to take legal action to have their wages restored to pre-2012 levels after the government suggested it would not raise their pay t...
Inside News
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
COMMENTARY
Through insecurity comes optimism
Prime Minister Antonis Samaras recently expressed his optimism regarding the quota of 180 Parliamentary deputies required for the election of Greece’s next president, in order for the countr...
EDITORIAL
Futile policy
The policy that Israel has been pursuing vis-a-vis the Palestinians is wrong and futile. Current tactics have failed to resolve the security issue and, at the same time, they are rapidly dra...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Deals reached for twin plot on Afandou, for 42 million
2. More delays and red tape for companies’ tax rebates
3. Greek shipowners continue to invest in fleet renewal
4. Trainose sale is not on track
5. Industry asks for gov’t intervention
6. Troika review in Athens unaffected by Paris meeting
more news
Today
This Week
1. Greece names fifth privatization agency chief in four years
2. Archaeological council bans international climbers' gathering at Meteora
3. World’s largest solar boat on Greek mission
4. Venizelos to meet Nimetz in Athens
5. Tsipras discusses Cyprus with Anastasiades in Athens
6. More than 120,000 households to receive special benefit
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Quadriplegic woman on life support 'dies due to unpaid power bills'
5. Front-line threats
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.