Taxation in Finland

AADE (Independent Authority for Public Revenue) has launched a series of cross-checks to detect the movement of funds that are not justified by the declared income on tax returns. These checks focus on deposits and transfers to and from abroad, as well as income earned from third countries by Greek tax residents.

Greek enterprises will have to pay taxes totaling more than 4.5 billion euros by the end of the year.

The Greek government is ‘loading’ the ‘tab’ of the measures on low income earners, in an effort to strike a deal with its creditors before Orthodox Easter. Greeks with a monthly salary between 650 and 2,000 Euros will shoulder the taxation and social security reforms, with employees expected to see an immediate impact on their wages in May, if the bill is passed after Easter.