Starting November 11, Greece's tax authority will automatically issue tax identification numbers (AFM) to children under 12, expanding the process to all minors. The initiative will streamline administrative tasks and is projected to benefit an estimated 700,000 minors. Parents will be notified via email and through the AADE digital portal, with no requirement to file taxes for their children.
Tag: Independent Authority for Public Revenue
Greece is projected to collect €830 million in tax revenue from short-term rentals by the end of 2024, up from €70 million in 2017, according to Giorgos Pitsilis, head of the Independent Authority for Public Revenue. Speaking at the Prodexpo conference, he noted that 100,000 properties now have unique Property Registry Numbers for short-term leasing. Alexis Patelis, Economic Adviser to the Prime Minister, also announced a one-year ban on new short-term rental registrations in certain areas of central Athens, effective early 2025.
Over €12.8 million in disaster relief has been distributed to businesses in Thessaly and Evros impacted by severe floods and wildfires in 2023. The aid, processed through the "myBusinessSupport" platform, supports 1,313 businesses as part of a government effort led by the Ministry of Climate Crisis and Civil Protection and other agencies. The majority of funds were directed to flood-hit Thessaly, while relief in Evros focused on tourism businesses affected by wildfires.
Beginning October 30, taxi drivers who fail to display a mandatory sticker indicating acceptance of card payments and receipt issuance will be subject to a fine of 1,000 euros. This decision comes after the Panhellenic Taxi Federation's rejection of the stickers, citing safety concerns. Consequently, authorities have provided a five-week window for compliance. The Federation has accused the ministry of coercion and awaits the official decision to chart its course of action.
Greece's public sector debts to private entities have surged to €3.2 billion as of July 2024, up from €2.8 billion in December 2023. This significant increase, which includes overdue tax refunds and unpaid supplier debts, raises concerns about the government's ability to meet its commitments to reduce arrears. The situation has prompted referrals to the European Court of Justice for violating EU directives, particularly affecting small and medium-sized enterprises in the healthcare sector.
Authorities have intensified their crackdown on tax evasion, leading to the closure of 16 businesses in Kos and Rhodes within 48 hours. The Independent Authority for Public Revenue (AADE) used advanced algorithms and citizen reports to uncover undeclared revenue exceeding €370,000. This crackdown is part of a broader effort to address tax evasion across Greece, with ongoing inspections expected in both island and mainland regions.
For the first time in nine years, Greek taxpayers have filed their income tax returns within the deadline, the Independent Authority for Public Revenue (AADE) reported on Monday. From April 25 to August 2, a record 6.54 million individuals submitted their tax declarations, averaging 65,439 filings per day.
Greece's tax authorities are increasing the burden on property owners who choose to rent out their property short-term.
Officers of the Independent Authority for Public Revenue (IAPR) have suspended operations at a popular…
The restaurant of 'The Sexy Butcher of Istanbul', Salt Bae has been suspended for 48-hours…