Safe deposit boxes no longer safe for Greek tax dodgers

Greece’s tax authorities are now targeting safe deposit boxes, as a circular sent out by the Finance Ministry states that when a major case of corporate tax evasion is identified, inspectors will confiscate 50 percent of the cash held in safe deposit boxes at banks and the whole of their non-monetary contents, according to legislation passed just before the Parliament in Athens shut down for the holiday season.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.