Ev­ery day sees 730 raids on de­posits

Au­thor­i­ties re­sort to con­fis­ca­tions as new debts to the state are ex­pected to soar to 13 bln by year-end

Kathimerini English - - Focus - BY PROKOPIS HATZINIKOLAOU

This year’s ex­pired debts to the state reached up to 4.75 bil­lion eu­ros in the first five months of the year, so the tax ad­min­is­tra­tion is re­sort­ing to con­fis­ca­tions, auc­tions and law­suits. On a daily ba­sis the au­thor­i­ties con­duct an aver­age of 730 con­fis­ca­tions of salaries, pen­sions and bank de­posits.

Data from the In­de­pen­dent Author­ity for Pub­lic Rev­enue show that 91,104 con­fis­ca­tions have been made since the start of the year, of which 24,059 were in May. The aim of the IAPR is to fur­ther in­crease the num­ber of con­fis­ca­tions even though the bailout agree­ment tar­get has al­ready been met.

The con­fis­ca­tions have come in re­sponse to cor­po­ra­tions and house­holds be­ing un­able to meet their obli­ga­tions due to over­tax­a­tion. Fi­nance Min­istry of­fi­cials es­ti­mate that the moun­tain of ex­pired debts will grow in the next few months as the al­ready trou­bled eco­nomic en­vi­ron­ment will be ag­gra­vated fur­ther by the sum­mer dues – i.e. in­come tax and the Sin­gle Prop­erty Tax (ENFIA).

The same of­fi­cials say that this year’s ex­pired debts are ex­pected to soar from 4.75 bil­lion at end-May to 12-13 bil­lion eu­ros by the end of 2017. They note, how­ever, that the col­lec­tion rate of ex­pired debts is likely to jump, cit­ing a fig­ure of more than 4-5 bil­lion eu­ros.

The fig­ures which IAPR is­sued yes­ter­day showed that the sum of old and new ex­pired debts comes to 95.186 bil­lion eu­ros. Of that amount, 90.43 bil­lion com­prises old debts, and 4.478 bil­lion arose in the year to May 31. Tax­pay­ers with debts to the state num­ber 3,881,795. Forced mea­sures such as salary and bank de­posit con­fis­ca­tions have been im­posed on 930,160 debtors, with 91,104 con­fis­ca­tions con­ducted in the first five months of this year. Forced mea­sures could be im­posed on as many as 1.6 mil­lion state debtors.

IAPR data pro­cess­ing shows that 2,388,899 en­ter­prises and tax­pay­ers have debts to the state that amount from 1 to 500 eu­ros, for a sum of 340 mil­lion eu­ros. More than half a mil­lion tax­pay­ers (505,202) owe up to just 10 eu­ros each.

The bulk of debts to the state is owed by 0.1 per­cent of debtors, or 5,552 tax­pay­ers and en­ter­prises: They owe 76 per­cent of all state debts, or 72 bil­lion eu­ros.

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