New push to fight tax evasion, smuggling

The Finance Ministry and the Independent Authority for Public Revenue (AADE) are rolling out two new oversight mechanisms in a bid to intensify the crackdown on tax evasion, smuggling, and noncompliance by wealthy taxpayers.

As part of Greece's drive to modernize its tax oversight, AI-powered systems will make it easier to audit high-risk tax filings and wealth transfers, including transactions involving large estates, properties, or unreported offshore assets.

The introduction of digital tools, artificial intelligence, and large-scale data matching will allow authorities to more efficiently target businesses and individuals involved in illegal financial activities.

In 2025, Greece aims to boost its tax revenue by an additional €500 million through these expanded mechanisms, which would raise the total amount garnered from anti-tax evasion efforts to €2.3...