Greece’s Economy and Finance Ministry has detailed a €1 billion support package aimed at easing the burden on low-income pensioners and renters, following Prime Minister Kyriakos Mitsotakis’ announcement. The measures include rent rebates, annual pension supplements, and a major boost to public investment, made possible by the country’s strong fiscal performance and return to a primary surplus.
Tag: tax evasion
In a major announcement, Greek Prime Minister Kyriakos Mitsotakis unveiled €1 billion in permanent economic support measures for 2025, fueled by Greece’s robust 2024 fiscal surplus. Starting next year, renters will receive an annual rent refund, 1.5 million low-income pensioners and vulnerable groups will get €250 yearly, and €500 million will boost public investments. “These measures reflect our structural progress, turning national success into tangible benefits for Greeks,” Mitsotakis said.
Greece is launching tax incentives for tenants and reforming property income taxation to combat undeclared rent payments. The initiative, reported by Dnews.gr, targets “under-the-table” deals by offering tenant benefits and adjusting property owner taxes.
Greece’s AADE rolled out its digital client registry today, starting with automotive businesses like repair shops and car rentals to tackle tax evasion. The system monitors transactions in real time, with plans to include hotels and gyms next.
The European Public Prosecutor’s Office (EPPO) reported a surge in VAT fraud investigations across the EU, with over 2,600 active cases by the end of 2024—a 38% increase from the previous year. Estimated damages reached €24.8 billion, with over €13.15 billion linked to cross-border schemes. Greece ranked fifth among 22 EU countries, with 15 active investigations, while Germany and Italy topped the list. A major crackdown, Operation “Moby Dick,” uncovered extensive fraud networks in Italy, leading to seizures of luxury assets and bank accounts. Fraud linked to EU recovery funds also remains a growing concern.
Since January, sweeping inspections by tax authorities at some of the most popular nightclubs in…
Greece, AADE, tax evasion, nightclubs, bouzoukia, Athens, Thessaloniki, Hellenic Revenue Service, tax audit, financial crime, nightlife, Saturday Night Fever, myDATA, artificial intelligence, booking platforms, social media, Google Maps, fines, business closure, revenue inspection
The Greek government is enforcing new regulations from 2025 to halt the sale of olive oil tins without official receipts, aiming to curb tax evasion and enhance market standardization. Producers will face fines up to 5,000 euros for non-compliance, with measures including mandatory digital documentation and inspections at olive mills. These changes target the informal distribution of 17-kilogram tins, promoting transparency and accountability in the olive oil supply chain.
In 2025, the Greek government will implement 18 tax reductions and 7 income support measures aimed at increasing disposable income and easing financial burdens for citizens. These initiatives, totaling €1.5 billion, build on years of economic growth and efforts to combat tax evasion, marking another step toward fiscal equity and improved quality of life for workers and pensioners.
Luxembourg, 5 December 2024 – The European Public Prosecutor’s Office (EPPO) has uncovered a major…
Greece is revising its 2025 budget after unexpectedly strong financial results, including a €6.1 billion surplus through October, well above the projected deficit. This surplus is largely due to robust economic growth, higher-than-expected tax revenues, and successful efforts to combat tax evasion. The government also made significant progress in repaying its debt ahead of schedule, with plans to pay off €7.9 billion in loans by December. As a result, Greece’s debt-to-GDP ratio is set to fall to its lowest level since the debt crisis, paving the way for fiscal stability and potential tax cuts.
Today’s cabinet meeting focuses on enhancing citizens’ disposable income, aiming for a minimum wage of 950 euros by 2027. The introduction of an automatic wage increase mechanism starting in 2028 promises predictability and stability for workers and employers, tying wage increases to inflation and economic productivity. Additionally, the government’s strategy on sustainable tax reduction highlights the commitment to fiscal balance and combating tax evasion.
In a statement on Wednesday, the main opposition, SYRIZA-Progressive Alliance Parliamentary Group President Nikos Pappas,…
Greece’s Economy and Finance Minister Kostis Hatzidakis announced that revenue from combating tax evasion will help reduce taxes. Highlighting a 10.3% increase in VAT revenue this year, he affirmed the government’s commitment to lowering tax burdens. Key strategies in the ministry’s plan include reducing social security contributions, abolishing the entrepreneurs’ levy, and lowering VAT rates to address social inequities and boost public revenues.
New tax measures targeting freelancers and independent business owners are proving effective, according to Greece’s Finance Ministry and AADE. The measures include presumed income taxation, mandatory POS linking, and stricter reporting of expenses via the myDATA platform. Authorities aim to reduce tax evasion and improve compliance with further digital reforms, such as a digital clientele list and prefilled VAT declarations.
He rented them like Airbnb, but hadn’t declared them to the Short-Term Accommodation Property Registry…
The Independent Public Revenue Authority (AADE) is introducing a new AI-driven tool to combat tax evasion by performing comprehensive cross-checks of tax data. This digital unit will analyze information from tax systems, social media, and online platforms to uncover undeclared income. Key focus areas include monitoring short-term rentals, detecting suspicious transactions, and verifying real estate purchases and sales.
The Greek government is set to address the country’s housing shortage by utilizing 600,000 vacant properties to increase supply and lower prices. Prime Minister Kyriakos Mitsotakis will announce measures targeting both the housing crisis and tax evasion at the Thessaloniki International Trade Fair, alongside a redesigned subsidy program to assist young households.
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.
Since early 2024, Greece’s tax authority, AADE, has been employing digital technologies to detect tax evasion, identifying 1,100 individuals with income discrepancies. AADE has warned these individuals of upcoming audits, and failure to justify discrepancies may result in heavy taxes, fines, and surcharges. Digital tools now allow AADE to access comprehensive financial data to ensure expenses are justified. Recent efforts also include a major crackdown on Chinese-owned businesses involved in systemic tax evasion.