Tax

The Turkish Constitutional Court has approved Turkish ??bank?s appeal on a tax conflict with the tax authority and decided the amount of tax, penalties and default interest which was paid by the bank should be paid back to it as compensation with its legal interest.

 Fearing a backlash, the government is considering a discount for taxpayers who have paid their dues

By Prokopis Hatzinikolaou

The 55-year-old owner of a restaurant in Kolonaki, central Athens, has been arrested after it emerged that he and his brother, 51, had set up an elaborate system to issue fake receipts to clients since 2009.

The Financial Police discovered that the two brothers, both of whom face charges, had issued more than 15,000 receipts using the system.

The European Commission on Wednesday said it held a first orientation debate on possible key actions to ensure a fairer and more transparent approach to taxation in the EU.

The President of the European Commission President, Jean-Claude Juncker, has made the fight against tax evasion and avoidance a top political priority of his Commission.

The flat tax rate will go down from 16 percent to 14 percent as of January 1, 2019, Minister of Public Finances Darius Valcov announced at the government meeting for the presentation of the draft amendments to the Tax Code and the Tax Procedure Code.

Photo credit: (c) LIVIU SOVA / AGERPRES FLOW

The tax alleviation steps taken by the Government aim at consolidating the middle class and increasing the purchasing power of vulnerable categories, prime minister's advisor Cristian Socol declared to AGERPRES.

Photo credit: (c) SIMION MECHNO / AGERPRES ARCHIVE

BBC and the IIB studio took a close look at the tax spending of 10 countries, including Greece, to compare where the taxes go. Greek taxes are $24 (27% of daily wage) per day compared to Germany's whopping $62 (40%).

The chances of a compromise solution for Athens are slim at the Eurogroup meeting on Monday.

Non-toxic points of compromise

1. Taxation

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The government is preparing legislation to give the Financial Crimes Squad (SDOE) greater powers so it can impose penalties on tax evaders, while also offering suspects incentives to pay off their debts quickly, Kathimerini understands.