DistantNews
Support us
Greece Fines Businesses Over 1 Million Euros in Tax Crackdown
🇬🇷 Greece /Economy & Trade

Greece Fines Businesses Over 1 Million Euros in Tax Crackdown

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Greece's Independent Authority for Public Revenue conducted 2,252 tax inspections from July 20-26.
  • The inspections found violations in 732 businesses, resulting in over 1 million euros in fines and eight temporary closures.
  • The authority focused on businesses in the hospitality and entertainment sectors in areas with high tourist traffic.

Greece's tax authority, the AADE, is intensifying its on-site inspections, targeting businesses in high-traffic tourist areas and sectors prone to tax evasion, including hospitality and entertainment.

During a week of checks from July 20 to 26, the AADE carried out 2,252 inspections. Of these, 732 businesses were found to have committed violations, leading to a non-compliance rate of 37.42%. The authority reported a total of 13,287 tax violations, undeclared net revenue of 545,573 euros, and levied fines amounting to 1,023,281 euros.

As a consequence of the violations, eight businesses faced temporary closures of two days each. Notable establishments targeted included a restaurant in Naousa, accommodation and tourism businesses in Paros and Corfu, and several businesses in Rhodes and Aegina. The AADE's rigorous approach aims to curb tax evasion and ensure compliance, particularly during peak tourist seasons.

DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog