Greek Authorities Unveil New Tax Control Plan

Greek Authorities Unveil New Tax Control Plan

Greek authorities on Thursday unveiled a new tax control plan aimed at boosting public revenues and combating tax evasion in the country.
Under the plan, presented by the General Secretariat of Public Revenue, authorities will seek to certify revenues more than 1.0 billion euros from detailed tax controls, another 700 million euros from partial tax controls and completing 2,000 capital tax controls and at least 200 tax evasion and smuggling cases. Authorities will also intensify pre-emptive actions and full-scale tax controls in 400 large enterprises and 900 cases of wealthy taxpayers.
The plan aims to achieve a more efficient tax collection system, identification and combating of tax evasion and smuggling, strengthening tax and customs mechanisms, automated cross-checking, improving methods and ways of tax collection, upgrading human resources, creating strategic partnerships, protecting public health, cultural heritage and the environment.
Among other measures the government announced was the inauguration of a taxpayers' registry of all assets ("periousiologio") by June and an electronic supervision by the tax services of bank deposit, loan and financial transactions.
The so-called Registry of Bank Accounts and Payment Accounts will gradually expand to cover all loan transactions by September 30, 2015 and to all financial products by December 31. Another registry, on offshore companies, will by activated by end-2015. 
 
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