Monday March 2, 2015 Search
Weather | Athens
11o C
6o 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)  
Greece has ways to cover March funding needs, says ministry official
ECB uncomfortable with leading role in Greek funding drama
Next Greek aid deal will emerge in coming months, Moscovici says
Greek reforms could prompt bailout payment in March, says Dijsselbloem
Parliament will not vote on loan extension, says government
The government confirmed on Monday that it would not submit to Parliament the four-month extension of the country’s loan agreement. Prime Minister Alexis Tsipras’s office said there is no le...
Urban guerrilla´s mother and wife arrested after alleged accomplice taken into custody
Police have made another two arrests after catching Angeliki Sotiropoulou, an alleged accomplice of November 17 terrorist Christodoulos Xeros and members of the Conspiracy of the Cells of Fi...
Inside News
SOCCER
Super League to seek way out of impasse
The Super League governing board is convening again on Monday in a bid to overcome the tensions that keeps building up in Greek soccer despite the suspension of action on the field over the ...
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, “because it is in no one’s interest,” as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece has ways to cover March funding needs, says ministry official
2. Parliament will not vote on loan extension, says government
3. Urban guerrilla´s mother and wife arrested after alleged accomplice taken into custody
4. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
5. ECB uncomfortable with leading role in Greek funding drama
6. Police arrest woman alleged to have been Xeros accomplice
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greek reforms could prompt bailout payment in March, says Dijsselbloem
3. Schaeuble urges Greece to implement reforms during extension
4. Next Greek aid deal will emerge in coming months, Moscovici says
5. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
6. Police arrest woman alleged to have been Xeros accomplice
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. A fierce battle looms
3. The ignorance of the West about the culture of Islam
4. Greece to make international protest over Turkey reserving Aegean air space
5. Spain said to lead push to hold Greece to terms as Podemos grows
6. SYRIZA feeling the pain
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.