Tax­pay­ers sum­moned for un­de­clared in­come pay up

Kathimerini English - - Focus -

An es­ti­mated 200 million eu­ros (out of the 316 million due) has been paid into the state cof­fers by tax­pay­ers who have en­tered a fa­vor­able scheme for the rev­e­la­tion of hith­erto con­cealed tax­able as­sets such as in­comes and prop­er­ties. How­ever, the ma­jor­ity of the 53,000 tax­pay­ers who en­tered the scheme did not do so vol­un­tar­ily: They were sum­moned by the tax au­thor­i­ties to ex­plain dis­crep­an­cies in their tax dec­la­ra­tions and as­sets fol­low­ing inspections. The tax­pay­ers who rushed to tax of­fices for the fa­vor­able set­tle­ment did so in or­der to re­duce the money they would nor­mally have to pay due to the fines im­posed on them, which reach up to 120 per­cent of the nor­mal tax they should have paid in the first place. In con­trast, sources say, hardly any tax­pay­ers have vol­un­tar­ily gone to the tax of­fices to re- veal pre­vi­ously un­de­clared in­comes, apart from those who had just cor­rected pre­vi­ous state­ments, with­out any mean­ing­ful ben­e­fits for the Greek state. Of course the cash col­lected is sig­nif­i­cant and has al­ready hit the orig­i­nal tar­get of 200 million eu­ros. The only worry for the Fi­nance Min­istry is whether some of that will have to be re­turned due to the re­cent Coun­cil of State de­ci­sion con­cern­ing the five-year statute of lim­i­ta­tions on past tax cases.

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