Banks to submit interest data

Greek banks are to supply the Finance Ministry in the next few days with data regarding the interest paid on deposit accounts held in this country and from bonds acquired through banks.

The data will be processed by the General Secretariat for Information Systems and will then be added by the ministry to income tax declarations.

It is most likely that this measure will apply to depositors who have received 250 euros or more in interest last year, as General Secretary Haris Theoharis said earlier this week.

Nevertheless, the ministry advises taxpayers to check the space where interest payments will be entered on their electronic tax declarations. Should they have any doubts concerning their accuracy taxpayers should ask their bank to issue a statement for the interest they collected last year and present it to their tax office.