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Athens Macedonian News Agency: News in English, 13-02-27

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Troika report blasts tax administration's weaknesses

  • [01] Troika report blasts tax administration's weaknesses

    AMNA -- The Greek tax administration has great weaknesses in its battle against tax evasion and collecting overdue tax debt, a report by the International Monetary Fund and the European Commission said on Wednesday.

    The report, on the country's tax administration condition, said there was a shortage of infrastructure, a large shortfall in personnel to conducting tax inspections and collecting overdue tax debt and a lack of incentives to mobilizing human resources.

    The report stressed that tax departments such as tax inspection and overdue tax collection were understaffed, most inspectors working in tax agencies for large enterprises did not have their own desk and computer, a wage for a fresh-comer inspector was just 700 euros, while it urged a strengthening of the responsibilities and independence of a public revenue secretary-general.

    The report noted that a tax inspection on 765 cases of large tax debtors confirmed an overdue tax debt of 16.4 billion euros in 2012, but tax agencies collected only 80.53 million euros, while the tax agency collected 1.099 billion euros in overdue tax debt last year, from a target of 2.0 billion euros.amna

    It also noted that a large part of overdue debt could not be collected as it was owed by enterprises which have bankrupted. mso-fareast-font-family:"Times New Roman";color:#0F1419;mso-ansi-language:EN-US; The IMF/Commission report said a lack of personnel limited tax inspections to only 25 pct of scheduled inspections in the year. It also recommended stricter measures towards improving tax administration such as stricter penalties. The report noted that a significant problem was a large delay in VAT returns due to time-consuming inspections in the sector. The state did not return VAT sums worth 1.74 billion euros last year.amna

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