ECONOMY

Less than a third of income tax declarations completed so far, says ministry

About 30 percent of taxpayers have made their income tax declarations so far, the Finance Ministry’s general secretary for revenues has revealed.

Haris Theocharis said that about 1.8 million out of an expected 6.5 million declarations have been made. The ministry recently extended the deadline for declaring income to the end of August because of problems with its online system.

The government is hoping to raise 7 billion euros in tax revenues, equivalent to about 3.5 percent of GDP, by the end of the year. About half of this is due to come from income tax.