Government drawing up bill for undeclared funds in Greece or abroad

3 November 2015
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A draft bill that will provide tax payers with incentives to declare previously undeclared funds kept abroad or in Greece will soon be tabled in parliament, Alternate Finance Minister Tryfon Alexiadis said on Monday.

Responding to a question by an ANEL MP in parliament, Alexiadis announced the bill will be ready in two months and will provide a last chance to those who have money that cannot be justified by their tax declarations.

He also said those who do not declare any form of asset in time, will face serious tax and criminal penalties. “In the next few months, we will start the procedures for drawing up a wealth register in which all assets should be entered, so we want to give everyone a chance to declare them beforehand,” he said.

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