Alexiadis warns that the efforts against tax evasion will increase
The Alternate Minister of Finance Tryfon Alexiadis announced that VAT revenue in the first five months of the year have exceeded budget targets and stressed that tax audits and inspections will increase in an effort to tackle tax evasion.
Mr. Alexiadis, who made the statement on Vima 99.5 FM on Friday morning, explained that VAT revenue from the islands – which is 9.8% bellow the target – is always lower before the summer season. In the case of Myconos, he noted, VAT revenue in the first five months of 2016 amounted to 2.4 million euros, rather than 6.6 million euro target.
Furthermore, the Alternate Minister commented that there are thoughts about revising the fines imposed on businesses that do not issue receipts, however he argued that high fines had not had any significant effect in the past.
You may be interested
Signatures for Line 4 of the Metro – Mitsotakis: The country is turning the page (videos)makis - Jun 22, 2021
The signatures for the biggest construction project that is taking place after Attiki Odos, fell tonight in Galatsi, where in…
Greece: Intelligence Services arrest 3 Turks with fake Interpol IDs trafficking illegal immigrants to EuropePanos - Jun 22, 2021
They were moving around in the center of Athens with Interpol IDs. They spoke five languages, had thousands of euros…
Greece: A single-engine plane crashed in the village of Charia in Ilia – Two deadPanos - Jun 22, 2021
A tragic accident took place in Haria in Ilia on Monday afternoon, when a private plane that had taken off…