- Independent Authority for Public Revenue (AADE) in Greece has conducted 67,000 inspections on businesses from the start of the year until October 31.
- 31% of these inspections revealed breaches of the tax law, resulting in a total of 1.4 million violations.
- These violations amounted to 33 million euros of undeclared revenues and 7 million euros of uncollected value-added tax.
- Many of the violations involved businesses not issuing proper receipts for electronically paid money.
- The operating licenses of 830 businesses were suspended for 48 hours and 170 businesses were fined.
- All 170 fined businesses were hotels, which are protected from closure due to the nature of their work.
- AADE’s success was attributed to expanding inspections beyond the region where businesses are headquartered and cross-referencing information from different digital platforms and electronic transaction receipts.
Source: ekathimerini.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
