ECONOMY

Payment notices go out to 2.5 million taxpayers

By the end of next month the Finance Ministry will have sent payment notices to some 2.5 million people with debts to the tax authorities, serving as a first warning, as the ministry has decided to proceed to confiscations for debts to the state.

The ministry has examined a proposal for the reduction of the level of minimum debt for confiscations from 1,000 euros, where it currently stands, to 600 euros.

The general secretary for revenues, Haris Theoharis, on Monday ordered the tax authority heads to proceed to extensive checks on all taxpayers owing money to the state and start sending notices asking debtors to pay their dues within 20 days.

The first notices will go out to those whose debts date to 2012.

Theoharis also told tax officers that their performance in tax and debt collection will be monitored on a quarterly basis.