Independent Authority for Public Revenue

The government is looking for ways to make use of empty houses and apartments to boost supply and pressure prices downward.

The Independent Authority for Public Revenue estimates that there are 600,000 vacant properties around the country.

Electronic payment methods and real-time monitoring of expenses and revenue streams have made individuals and corporations more likely to pay their dues in time, data from the Independent Authority for Public Revenue show.

The Ministry of Climate Crisis and Civil Protection, in collaboration with all relevant Ministries, is activating the framework of state aid to support the areas of Attica affected by the August 11, 2024, fire. Some of these measures also apply to other areas impacted by fires during the summer of 2024.

The Independent Authority for Public Revenue, known by its Greek acronym AADE, demands that its inspectors bring in revenue amounting to five times the cost of inspections. AADE Governor George Pitsilis notes that, while the collection of fines for tax code violations has improved, still only a small percentage of the attested fines is collected.

A new form of tax evasion has been brought to light by the inspectors of the Independent Authority for Public Revenue, related to private parties organized in luxury villas in Mykonos.

These are parties advertised on social media as officially organized by event planning companies and conducted legally.

The Independent Authority for Public Revenue is planning the complete automation of communication with the tax office, with many obligations already completed digitally.

Taxpayers now have the ability to pay taxes, make appointments with the tax office, save all the necessary tax documents, and be updated on payment deadlines from their smartphones.

The major increase in property transfers recorded in 2022 continued in 2023 too, following years of stagnation due to the pandemic and the energy crisis.

According to data from the Independent Authority for Public Revenue, transfers posted a new record last year, mainly thanks to the major interest by foreign investors.

Whether in recession or growth, or with bailouts and pandemics, thousands of professionals and single-owner companies declare zero profits or losses for years: About 36.4% of sole proprietorships and 27.8% of professionals have declared zero profits or losses for at least five years.

The Independent Authority for Public Revenue is proceeding with the automatic issuance of Tax Registration Numbers (AFM) to dependent children over the age of 12, while in a second phase AFMs will be granted to all minors from the age of 12 months (as they will have to be declared by the parents in the tax return).