Tax investigation

The political establishment had at first appeared allergic to the idea of an independent agency tasked with detecting tax evasion and collecting public revenue. 

The government is intensifying efforts to improve tax compliance and public sector efficiency by implementing financial penalties for state officials who fail to submit taxpayer data on time.

A serious taxpayer extortion scandal has been uncovered on the island of Corfu following an investigation by the Hellenic Police (ELAS) in collaboration with the Independent Authority for Public Revenue (AADE). This case comes just months after a similar corruption incident was exposed at the Halkida tax office (DOY) on Evia island.

The tax office offers the opportunity for those who have committed tax violations to reduce the fines imposed on them by up to 50%. However, to secure a reduction in the fines, they must pay 25% of the assessed amount within three days after the settlement.

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 National Economy and Finance Ministry announced late on Thursday the extension by one to two weeks of the deadlne for the uploading of tax returns for last year's incomes.

The Ministry of Finance is considering incentives for consistent taxpayers, as revealed by Deputy Minister Christos Dimos in Parliament.

The online portal has opened on Taxisnet for the submission of tax returns for the incomes of 2023, with the final date for their submission being Friday July 26.

Taxpayers who choose to pay the total amount of their income tax dues this year in one lump sum by July 31 will secure a 3% discount, according to the amendment the National Economy and Finance Ministry submitted in Parliament.

Parliament on Thursday ratified the new criminal code bill drafted by the Justice Ministry after a two-day acrimonious debate between the government and the opposition.