Greek Banks to share safety deposit box info with Tax Office, new Ministerial act provides

21 February 2019
469 Views

The Greek Ministry of Finance is attempting to compel banks to share details of clients’ safety deposit boxes with the Tax Office, as an act by Deputy Minister Katerina Papanatsiou revealed.

The act, published in the Government Gazette, provides that the category “safety deposit box” should be added to the list of citizens’ assets registered in the System of Register of Bank Accounts and Payment Accounts and send this information electronically for audit to the Tax Office, the Audit Centres, the SDOE (Special Secretariat for Financial and Economic Crime Unit), the Financial Police, the Anti-Money Laundering Authority, the Financial Prosecutors and the Prosecutors of Corruption.

By expanding the powers of the financial auditory authorities through access to safety box deposits, the state will be able to impose stricter control on legal entities and individuals and minimise the possibility of tax evasion, money laundering, illegal accumulation of wealth and other financial crimes.

They will be able to access information about assets and hidden cash by individuals and legal entities, thus facilitating the authorities in identifying and checking their tax obligations, and wherever necessary, imposing fines while also substantiating possible criminal offences.

In addition, the decision provides that if the banking institutions do not electronically update the Registry, they will be requested via mail to provide the information within a few days.

You may be interested

Mitsotakis-Erdogan phone call after the 6.7 Richter earthquake
POLITICS
shares29 views
POLITICS
shares29 views

Mitsotakis-Erdogan phone call after the 6.7 Richter earthquake

makis - Oct 30, 2020

Greek Prime Minister Kyriakos Mitsotakis had a telephone conversation with Turkish President Recep Tayyip Erdogan in the aftermath of the…

Nice Muslim terrorist arrived in France from Lampedusa – Watch the moment of his arrest (video)
SLIDE
shares40 views
SLIDE
shares40 views

Nice Muslim terrorist arrived in France from Lampedusa – Watch the moment of his arrest (video)

makis - Oct 29, 2020

A Tunisian man who arrived in Europe with a group of migrants rescued off the coast of Lampedusa in Italy…

Two Greek hotels win TUI top awards
GREECE
shares36 views
GREECE
shares36 views

Two Greek hotels win TUI top awards

Panos - Oct 29, 2020

Two Greek hotels are among the 16 winners of the TUI Global Hotel Awards, a great distinction that boosts the international visibility of the…

Leave a Comment

Your email address will not be published.