Tax au­thor­i­ties to boost checks on small debtors

Kathimerini English - - Front Page -

In a bid to close in on some 3.8 mil­lion tax­pay­ers who owe an es­ti­mated to­tal of 95 bil­lion eu­ros in over­due debts to the Greek state, the In­de­pen­dent Author­ity for Pub­lic Rev­enue is to in­ten­sify in­spec­tions on all those whose ar­rears ex­ceed 500 eu­ros, ac­cess­ing their bank ac­counts and Land Reg­is­ter de­tails.

Un­der pres­sure from the coun­try’s cred­i­tors to col­lect much-needed rev­enue, the Fi­nance Min­istry is plan­ning a new crack­down on debtors – both in­di­vid­u­als and com­pa­nies. The min­istry’s ef­fort is to fo­cus first on those who clearly have the money to pay their debts but are choos­ing not to be­fore mov­ing on to those who are in fi­nan­cial dif­fi­cul­ties.

The min­istry aims to send out no­tices as soon as a debt be­comes over­due. The scheme aims to link the min­istry’s pub­lic rev­enue ser­vice to the Land Reg­is­ter to en­sure that in­spec­tors have an over­view of the prop­er­ties owned by debtors. In the event that there are no avail­able de­posits in bank ac­counts, au­thor­i­ties will have the op­tion of seiz­ing debtors’ prop­er­ties. “For the first time, we will have a full pic­ture of the prop­er­ties of tax­pay­ers which could po­ten­tially lead to the im­po­si­tion of taxes for those who have for­got­ten to de­clare them on the tax of­fice’s E9 form,” the rev­enue author­ity said in a state­ment.

Au­thor­i­ties will also have ac­cess to in­sur­ance com­pany data.

In the se­cond phase of the scheme, Greek au­thor­i­ties will seek to ex­change in­for­ma­tion with their coun­ter­parts in other coun­tries about debtors’ for­eign bank ac­counts, ac­cord­ing to sources.

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