NEWS

IKA gets tough on contribution dodgers

Greece’s largest social security provider IKA on Tuesday said that businesses that have not been prompt with their payments will face tough penalties from Wednesday as a crackdown on contribution dodgers gathers steam.

Speaking on Skai TV on Tuesday morning, deputy IKA chief Costas Papathanasiou said that businesses with debts to IKA that have failed to reach a payment settlement will be banned from submitting their online declarations from Wednesday and will be sent notifications to pay a fine within a few days after that.

Papathanasiou said that there are currently some 200,000 businesses in Greece that show inconsistencies between the amount of money they have supposedly paid in contributions for workers in their employ to IKA as sated in their regular online declarations and the amount they have actually deposited.

He said that the overall debts to IKA are running in excess of 7 billion euros, with the fund aiming to collect at least 50 percent of that amount with the imposition of stiffer penalties.