Tax avoidance

Tax authorities are keeping a close eye on tax payments of large companies, the Treasury and Finance Ministry has said in a statement.

It was deep in the night of February 7, 1794, in Boden Town, the only settlement on Grand Cayman, the largest of the three Cayman Islands. The storm was raging and residents were locked in their homes. Suddenly, they heard the church bell ring. This rarely happened, only in times of great danger.

The European Commission has warned Cyprus and several other EU member-states to step up their game on important new tax and data rules.

Cyprus, along with Spain, Latvia, Lithuania, Poland and Portugal, is under pressure to enforce a minimum 15% tax rate for big multinational companies, a key part of the European Union's efforts to ensure fair taxation.

The crackdown on tax evasion intensifies as the target of collecting 65 billion euros must be met

A 61-year-old man named in a European Arrest Warrant issued by Italian authorities for involvement in a criminal organization, forgery and tax evasion was arrested in the Athenian suburb of Paleo Psychiko on Wednesday.

Tax audits have made a huge leap in recent years, mostly in terms of their quality and not so much in terms of their number, which is more or less on the same level as previous years

Bureau audits, complex cross-checks and data now obtained from dozens of sources have curbed tax evasion, uncovering undeclared income.

This year, the tax authorities have sent out 7,159,164 ENFIA payment notices

Deputy Prime Minister and Minister of Foreign Affairs, Mariya Gabriel, has underscored Bulgaria's commitment to its accession to the Organization for Economic Co-operation and Development (OECD) as a top foreign policy objective.

Taxpayers will now only communicate with the tax office digitally and via electronic messages, while audits will be completed within a maximum of one year, according to the new tax bill amending the Tax Procedures Code established in 2013.

The Economy and Finance Ministry has submitted to Parliament a draft taxation bill that foresees the establishment of a minimum tax rate of 15% for large multinational companies as well as large Greek groups.

The bill belatedly transposes a relevant European Union directive, that entered into force on January 1, into Greek legislation.