28/08/2018

Until mid-September, the law on property rights is expected to be submitted to the House. The ID will act as a mobile and real estate control for taxpayers and businesses.

It is expected to be a dominant tool for combating tax evasion, looking to the inflow of revenue into state funds.

28/08/2018

General Building Price Index of New Residential Buildings, with base year 2010 = 100.0 and reference month in July 2018, compared with July 2017, showed an increase of 1.5%, against a 0.1% decrease comparison of the corresponding indicators for the year 2017 to 2016.

28/08/2018

With strong gains, stock prices closed at the first session of the week, leveraging bank stocks, while turnover remained at low levels. The shares of Piraeus, PPC, Jumbo and Ethnikis were overtaken. The General Price Index closed at 736.27 points, recording an increase of 1.58%.

27/08/2018

Clarifications for the suspension of the tax evasion, in cases that arose after a tax audit, were issued by the Independent Public Revenue Authority.

27/08/2018

The possibility of requesting a refund of tax refunds from banks due to an error has the State. These are money, which is deposited in non-interest-bearing transitional accounts because taxpayers who are entitled to this refund do not have a bank account themselves.

27/08/2018

A powerful weapon against tax evasion is for the Greek tax authorities the data they collect through the automatic exchange of information regarding financial data of Greek taxpayers to foreign banks.

24/08/2018

The credit institutions and the conditions for their participation in the process of reimbursement of personal income tax, resulting from the winding-up by the Electronic Governance Department of the Independent Public Revenue Authority (ADR) of the initial statement of each year, as well as the time and method of credit of the beneficiaries' bank accounts were determined by a decision of the AAD governor G. Pitsilis.

24/08/2018

The Independent Public Revenue Authority, with institutional tax consultancy organizations, has been in talks over the past few years in the context of negotiations on fines for late amendments, according to information available to Tax News.

24/08/2018

Access to Tearsia's data on the total profile of borrowers with "red" loans demand funds that will buy Greek NPLs.

According to information from Capital.gr, in view of the strengthening of non-performing loans sales in the next period, especially from 2019 onwards, the funds raise their issue of access to Tireias data.

23/08/2018

A new decision with updated instructions regarding the procedure for the validation of rental properties was issued by the Independent Public Revenue Authority.
Essentially, with the new instructions, it is clear that short-term leases of real estate via internet platforms are not stated in this procedure. However, short-term written or verbal agreements that are not made via electronic platforms are stated through the application of the rental agreement.

23/08/2018

Two new financial tools to support Greek businesses are in the final stage of their constitution.

23/08/2018

In a series of tax mergers, the IAPR is proceeding in order to ensure its more efficient operation.
Its aim is to achieve, among other things, better service for citizens by concentrating human and material resources on enhanced tax offices, as stated in a relevant communication. It also seeks to save costs and human resources to support other IAPR audit services.

22/08/2018

The new digital COSMOTE Insurance service brings the possibility of providing integrated insurance solutions and personalized vehicle, home and primary health insurance services.

COSMOTE emphasizes that through the new service, consumers, regardless of the telecommunications provider, can find the insurance program that best suits their profile and needs with smart propositions, comparing and choosing among many available insurance programs and buying quickly, easily and just their insurance policy.

22/08/2018

Entrepreneurship in Greece and, above all, the small / medium-sized, close to, of course, very large groups, was struck in the monumental period. In the first two years the phenomena were very intense.

22/08/2018

When an economist of the European Commission told reporters in 2011 that Greece was expecting to raise up to 50 billion euros from the sale of assets by 2015, the domestic rage was so intense that the troika never again held a press conference in the country.

21/08/2018

Just before the start are the restoration works of Asteras Beach, the cosmopolitan beach at Lemos Vouliagmeni, which was a favorite destination of the elite, but also a sought-after setting for the filmmaking of classic Greek cinema. By decision, Culture Minister Lydia Koniordou approved the 650-meter-long beachfront modernization project, part of the investment project of the Arab fund AGC Equity Partners, with a total budget of 600 million euros, for the renovation of the resort in Lemos Vouliagmenis. The "involvement" of the Ministry of Culture was necessary as the Temple of Apollo Zoster, built in the 6th century BC, is located on the beach. This is why the opinion of the Central Archaeological Council was preceded by the approval of the works in Astir beach.

21/08/2018

For the Greek government and for European creditors, Greece's exit from the program and the end of the epic of the memorandums is a "landmark", but for these markets it is more a "symbolic" moment, with analysts claiming there is still a lot to be done to improve the Greek economy, while Greek bonds remain extremely vulnerable to external shocks, with the recent ones in Turkey and Italy proving it to be quite clear.

21/08/2018

Four crucial roadshows in September will have the opportunity for international investors to "interrogate" the Greek systemic banks, which will take part in them.

Their start is calculated on September 5, starting with HSBC's big conference and ending with the BofAML (Bank of America Merrill Lynch), a major annual financial event, held on 25 and 26 September in London. In the meantime, the entries are on September 10th at the JP Morgan Conference and certainly on September 19th at the HELEX conference.

20/08/2018

A mother of battles has made it clear for the government to begin the process of extending at least 25 sectoral conventions that will be in force from Tuesday 21 August on the first day of the memorial season. Representatives of employers' organizations hold a standstill, without looking at the announcements by the competent Labor Minister Efi Achitsoglou that the restoration of collective agreements is at the forefront of the government's aspirations. At the same time, some 200,000 employees expect the 25 sector contracts to expand to increase their disposable income.

20/08/2018

Monday is a historic day for Greece, as nearly a decade of foreign aid is coming to an end, CNBC reports.

20/08/2018

A surplus of 210 million euros showed the current account in June. It is significantly lower (-527 million euros) compared to the corresponding month of 2017 due to the deterioration of the goods balance but also of primary incomes. In the first half, we had a current account deficit, significantly higher than last year.

10/08/2018

By the end of September, the tender for the Esperia Palace lease and its reopening with 5 star international standards is expected to have been announced by EFPA. As the information says, the competition is in the final line and is thought to attract investors' interest, mainly due to the location of the hotel very close to Syntagma Square, given the increase recorded in the last three years by tourist traffic in Athens. However, as entrepreneurs explain from the hotel market, the amount of funds needed to renovate the unit, which has been closed for eight years, is likely to be a disincentive.

10/08/2018

In immediate application, the new system of fines against employers employing workers whom they have not stated in the Ergani information system and, of course, the EMFF is now being implemented.

According to the Ministerial Decision signed yesterday by Ms. Efi Aichioglu, a fine for an undeclared worker may exceed even € 42,000.

10/08/2018

The pressures on Greek bond yields are indicative of the volatility surrounding the exit from the program in the sense of returning to international capital markets.

09/08/2018

Signed by Labor Minister Efi Aichioglu, the decision on fines on undeclared work, passed in July by a large majority from the House.

09/08/2018

A fine of EUR 250-500 will be charged to companies that have submitted erroneous environmental plastic packaging returns for the first or second quarter of this year if they submit corrective amending statements.

In the case of enterprises in which the corrective statements will result in the payment of an additional fee, interest on late payment will also be imposed.

However, the obligation to submit environmental tax returns excludes undertakings which have ceased to have plastic bags to their customers, as well as certain categories of traders who are not even liable, such as the pedestrians and those engaged in outdoor trade.

09/08/2018

The depletion of regulation on non-performing loans shows banks reporting that receipts from arrangements are equivalent to the costs paid by banks to collecting companies.

08/08/2018

This time, the draft budget to be submitted to the House on 1 October can not - as is customary - be a plan on paper. It will judge a lot: from the "smoothness" of joining the monitoring memorandum, to government "benefits".

08/08/2018

The European Commission has announced the tightening of the visa directive as it wants to control and limit the tactics of some EU countries to transfer citizenship rights to wealthy third-country nationals in return for high investment in the country by sending so an indirect but clear message to Greece.

08/08/2018

Today, the Energy Regulatory Authority (RAE) is expected to impose a ceiling on the sale price of gasoline on South Aegean islands, where the price of unleaded oil is even higher than 2 euros per liter. The issue was discussed yesterday at the RAE plenary session, but no decision was taken, but it was reportedly reported that the price of gasoline "has indeed escaped" in several cases.

07/08/2018

In the search for the ideal timing for the announcement of the casino licensing competition in Elliniko, one of the basic prerequisites for the realization of the landmark investment in the Metropolitan Pole of Agios Kosmas - Hellenikos, are the parties involved in the process.

07/08/2018

Fiscal fines exceeding € 2 million have resulted in targeted inspections of the Labor Inspectorate (APR) in tourist destinations and islands. According to the official data, SEPE inspectors and special inspectors carried out a total of 2,319 audits for businesses active in tourism for May and June. 525 fines were imposed in the amount of EUR 2,282,312.61, while in another 86 cases the sanctioning procedure is in progress.

07/08/2018

Greece has been a net recipient of Community funds over the last 30 years. Today, EU funding is more critical than ever for the country, as the prolonged and deep recession of recent years, intensive fiscal adjustment and the negative business and investment climate make it more difficult financing. This is the Bank of Greece's analysis.

06/08/2018

Taxpayers' trap is the low tempting tax rates of neighboring and non-taxing countries, as combating tax evasion through the transfer of income to subsidiaries located in countries with low rates is a fundamental pursuit of tax authorities both in Greece and Europe-wide.

06/08/2018

Faced with the risk of seizures in their salaries, pensions, other income and bank deposits, there are 556,807 taxpayers with overdue debts to the State. Indeed, those who owe them more than 500 euros to the Treasuries are also at risk of seizing their movable and immovable property. The actual legislation itself, however, allows debtors to defend themselves in 5 different ways, most of which are of a preventive nature, ie they should be examined and selected before the confiscation process begins.

06/08/2018

Globalization and rapid technological change, the 'knowledge economy', make innovative activity an important asset for long-term survival and business competitiveness.

03/08/2018

The negotiations between the Greek government and the representatives of the institutions in the autumn for the next year's budget are sparse. The Greek side has raised the bar, as the economic staff wants to "hold" the suspension of pension cuts - "in return" the freezing of some or all of the countermeasures - and the early reduction in tax rates.

03/08/2018

Any natural person who is going to do business is obliged to submit a declaration of commencement of work to the competent employee of the tax office before any transaction is carried out in the course of his professional activity.

03/08/2018

The significant deterioration in the international markets after Washington's commercial threats, which prompted investors to rush to limit their exposure to risk, also dragged Greek bonds, confirming how vulnerable they remain to international developments, even though Greece is heading , in 17 days from today, leaving the rescue programs. The new turmoil in the markets, which has led to a significant dip in the Italian bonds, coupled with the outcome of the International Monetary Fund report, reinforces the already cautious climate that still dominates the markets against Greece, and which puts a "wall" in whatever plans the Greek government had for a new exit to the markets during the summer.

02/08/2018

In the Government Gazette, yesterday, the decision of the Minister of the Environment, George Stathakis, for the entry into force of the procedure for the electronic submission, control and issuance of building permits was published, although with a delay of several months. The new system, which will be accessible via the e-mail address e-adeies.ypen.gr, will be launched on September 3rd and will be fully operational on October 15th.

02/08/2018

The three pillars of the Action Plan for Export Promotion are being implemented in the autumn, with the development of new export support tools.

This was marked by an information event entitled "Technical Support for Export Promotion: Proposals and Results", organized by GIZ on Wednesday, July 25, 2018, at the Ministry of Economy and Development and co-funded by the European Commission through the Support Service Structural Reform Support Service (SRSS), and the German Federal Ministry of Economic Affairs and Energy (BMWi), and the German GIZ GmbH (Gesellschaft für Internationale Zusammenarbeit).

02/08/2018

The technical and functional specifications that will make the classification of the rented rooms / apartments in keys will be determined by a recent ministerial decision of Tourism Minister Elena Kountoura. It is recalled that based on previous decisions and of course in a relevant legislative framework, a quality rating system for each accommodation, hotels (based on a star system) and rented rooms / apartments (based on a key system) was instituted, depending on the benefits and techniques specifications.

31/07/2018

It opened the way for the bulldozers in the area of ​​the former Mouzaki Textile Factory (60 Kifisos Avenue and Irous Avenue), in the Akadimia Platonos area, following the publication in the Government Gazette of the Second Presidential Decree (PD) is required to realize the greatest commercial growth in recent years in the city of Athens. The PD. provides for the amendment of the approved urban plan in Plato Academy where the commercial arcade of Academy Gardens, which is an investment of 300 million euros, will be realized.

01/08/2018

A significant increase in Israeli entrepreneurs' interest in investing in Greece testifies to the demands that have been made at the Embassy's Economic and Commercial Affairs Office in Israel.

01/08/2018

In the two criteria used by the IMF to determine the limits of the sustainability of the Greek debt, the final indication indicates that the viability estimate reaches 16-18 years, exceeding the medium-term horizon defined by the IMF in the decade.

01/08/2018

The amount of 812.5 million euro was earmarked by the Greek state for the current auction of six-month interest.

Specifically, and as announced by the DSPA, a 26-week interest-rate auction of € 625 million was held today.

31/07/2018

Significant changes in the legislation on income tax and tax incentives were made by the provisions of articles 115, 116 and 117 of Law 4549/2018. Among other things, favorable tax provisions have been introduced for individuals who are employed occasionally or occasionally, tax incentives have been introduced for all firms with staff to recruit new full-time workers and new tax exemptions have been introduced for those who provide free real estate to their relatives.

31/07/2018

the right to pay the taxes payable in the tax return of this year's tax return up to 12 monthly installments - instead of three bimonthly - provides this legislation to all taxpayers this year. This right can be exercised through the inclusion of the debtor's total debt in the "fixed arrangement" of Law 4152/2013. Entitlement to this arrangement can be made even today, when the first tranche of the debtor's debts expires, ie before the installment is overdue.

30/07/2018

Until Friday, August 10th, the deadline for payment of June 2018 contributions for non-salaried employees is extended, as announced by the EMPA

30/07/2018

Due diligence measures for every non-regular recurring transfer of funds above € 1,000, even if it is between bank accounts of the same person, must be received by banks and other financial institutions in accordance with the provisions of the Anti Money Laundering Act from criminal activities, which were recently voted by the House. The same law also provides for due diligence measures to be taken on any transaction over EUR 2,000 with a betting company or other gambling.

30/07/2018

The "picture" of the debt faced by the IMF is characterized by two qualitative elements which, in their composition, keep the situation at a near marginal level in terms of its long-term viability, thus affecting the attitude of the markets.

27/07/2018

An inhibiting factor for the issuance of a golden visa in Greece for the purpose of acquiring real estate and making investments is expected to be the circular issued by the Independent Public Revenue Authority in response to reports of false documents issued by foreigners over the last period.

27/07/2018

To speed up the restructuring of non-performing corporate loans, SSM is pushing banks to maximize collaterals.

In addition to the strengthened targets for the reduction of non-performing exposures that SSM is expected to put in banks in September and which, according to Capital.gr, are expected to rise by € 2 billion, supervisors will step up the pressure on the front redistribution of "red" business loans.

27/07/2018

ECB President Mario Draghi may have welcomed the "progress made in Greece", but he abolished banks' access to cheap lending and ruled out the inclusion of bonds in quantitative easing. The development was in the knowledge of the government, which chose for different reasons not to apply for a preventive line, which would, however, safeguard these two privileges for the Greek economy.

26/07/2018

In the middle of autumn, the chairman of HRADF, Aris Xenofos, placed the opening of the tender procedure for the "concession of activities" at the port of Alexandroupolis during the yesterday's meeting of the Fund's management with the chairman and chief executive of the Port Authority of Alexandroupolis Christos Duke, clarifying that the Fund does not sell the port.

26/07/2018

The National Bank's transformation program aims to make it the first choice of the Greek and preferred partner of households and businesses in the domestic market, Pavlos Mylonas, new CEO of the National Bank, said at the annual general meeting of the bank, which began with a minute's silence the victims of recent fires.

26/07/2018

US President Donald Trump and European Commission President Jean-Claude Juncker announced on Wednesday that they agreed to push forward a series of measures on agriculture, industry and energy in order to de-escalate the two-party conflict on trade.

25/07/2018

As a profit from business activity and regardless of whether there are tax losses, any form of profit distributed or capitalized is taxed.

25/07/2018

The General Price Index for Construction of New Housing Buildings in the second quarter of 2018, compared with the corresponding second quarter of 2017, showed an increase of 0.8% compared to a decrease of 0.7% compared to the respective quarters of the year 2017 by 2016.

25/07/2018

Shopping centers retain the title of the most resilient commercial property category due to their high demand and performance, a trend maintained in 2017 but also in the first months of this year.

24/07/2018

A few days remain for the expiry of the deadline for filing tax returns and so far more than 600,000 statements have been pending. Accountants are pushing the Finance Ministry to move the deadline to end July (bp has already been prolonged until July 26 ), due to the problems encountered in submitting statements by legal persons.

24/07/2018

The terms and conditions for joining a professional with debts to the funds to settle the 120 installments, clarifies a circular of the Collection of Insurance Benefits Center.

24/07/2018

The classic banking in Europe seems to have been well advanced by the financial crisis of the last decade. So classic bankers around the world are looking for new banking applications and scrutinize the landscape.

23/07/2018

The platform of the Electronic Service of One Stop (e-ΥΜΣ) was put into operation, for the remote establishment of companies.

23/07/2018

In the final line, the deadline for submitting income tax returns is now over.

At the moment, at the table of the Chief Financial Officer, namely the Deputy Minister of Finance, there is an extension of the submission time until the last days of the month, according to information from the Tax News.

23/07/2018

While the trade war between the major powers continues, the Group of Twenty (G20) expressed its concern at Buenos Aires on Sunday that it would hurt global growth, calling for dialogue, while the US is still rigid in terms of additional tariffs impose and threaten with sanctions.

20/07/2018

Problems have led to a large number of hotels and tourists in general, the fact that many businesses no longer adhere to the entry-exit book or its official name, door book, which served the police's police needs as it has ceased its use for tax purposes. In this context, several are those who have stopped having it available in their records, recording the incoming and outgoing clientele.

20/07/2018

The new E8 form for overtime or overtime can be submitted via mobile phone by SMS (optional) as of 1/7/2018, with mandatory submission starting on 1/9/2018. This is announced yesterday by the Minister of Labor Efi Achitsoglou, who redefines the conditions for the electronic submission of forms of competence of the Labor Inspection Body and of the Organization for Employment of Labor Potential.

20/07/2018

With three different reports and a plethora of indicators, the course of the country will be assessed after leaving the adjustment program in August.

19/07/2018

A change in the way in which companies are mainly financed looks at bankers with new standards that will prevail over non-performing loans. With cover, most banks in the euro area will be granting loans, at least in countries where the recession risk is real - as in our case, for example.

19/07/2018

It confirms the positive development of Greek tourism in 2018 compared to 2017, which was a record year for all tourist figures, according to the latest official data from ELSTAT, CAA, FRAPORT, AIA, EASP, the Bank of Greece, the Bank of Greece, the Bank of Greece, the Bank of Greece and the Bank of Greece.

19/07/2018

Officially, the process of drafting the 2019 budget is begun. With an urgent circular signed by Deputy Finance Minister George Houliarakis, all the general government agencies are invited to send by the end of the month the forecasts for the course of their financial figures at the during the next year. The objective of the economic staff is the primary surplus at general government level to reach or even surpass 4% of GDP.

18/07/2018

Two interested investors meet the criteria for participation in the second phase of the tender for the acquisition of 50.1% of the Hellenic Petroleum Products. of the FYROM at its meeting today.

18/07/2018

The Independent Public Revenue Authority is proceeding with the implementation of measures addressing tax evasion and targeting and businesses, with a timetable for implementation for the remainder of the year but also early 2019. It is about the substance of the setting up indirect technical control, targeting criteria for businesses engaged in intra-group transactions, and developing an action plan to tackle tax base erosion.

18/07/2018

Directions to tax authorities for the changes made to the 120 installments are provided by the Independent Public Revenue Authority, in order to avoid problems and protests from those who wish to join it.

17/07/2018

Taxpayers are faced with the possibility of avoiding a fine in the process we described yesterday in the Tax News, reversing, alternatively, the procedure to follow.

17/07/2018