Taxpayers under scrutiny

The first taxpayers declaring incomes below 10,000 euros per year yet found to have a much higher cost of living and revenues from abroad have been summoned by their tax offices.

They have been called in to justify the discrepancies. If they fail to do so, they will have to pay additional taxes and fines. According to sources, similar summons are expected to be sent in the coming days to hundreds of professionals from the 20,000 that emerged with significant discrepancies or suspicious transactions.

These discrepancies emerged as part of a large cross-checking operation carried out by the Independent Authority for Public Revenue (AADE) on 3.8 million tax returns, where major differences were identified between the declared incomes and the living expenses incurred in the same year.

Those of the 20,000 who fail to provide a convincing explanation to the tax...