ECONOMY

Over half of firms break law

Three in every five enterprises inspected by the Financial Crimes Squad (SDOE) this summer were found in violation of regulations, according to the squad?s director of Accounting Inspection Planning, Nikos Lekkas.

Lekkas told Vima FM radio station on Friday that ?SDOE performed checks on 318 targets. The violators came to 195, which is a 61 percent rate, with a total of 900 violations.?

Lekkas added that SDOE is now turning its attention to the payment of value-added tax and that by the end of the year all inspection directorates will be operating with an online system.

?There is a monitoring system that SDOE has currently undertaken on a trial basis, that oversees checks in Attica, Thessaloniki and the rest of Macedonia. By end-October those three branches will be operating online, too, using laptop computers.

?We are also expecting all of our branches to be operating that way as of January 1st, 2012,? the chief inspector estimated.