Greek tax authorities have launched a new round of cross-checks on taxpayers who
Greek tax authorities have launched a new round of cross-checks on taxpayers who report low incomes—around €10,000—but exhibit annual expenses of €50,000, €100,000, or even €200,000.
The Independent Authority for Public Revenue (AADE) has identified 800 individuals with significant discrepancies between their declared income and their cost of living, placing them under intense tax audits, including the opening of their bank accounts.
Among those targeted are 20 social media influencers, who are being investigated for undisclosed and undeclared income from sponsorships and product sales.
Intensified Audits for Suspected Tax Evasion
AADE Governor Giorgos Pitsilis revealed that the tax authority is conducting regular audits on approximately 800 individuals who declared incomes below €10,000 but were found to have much higher expenses that could not be justified by their declared income or other financial data available to the tax authorities.
These individuals are now required to prove the source of the additional funds they have spent. Those unable to provide sufficient evidence will face additional taxes and penalties.
How the Audits Are Conducted
According to the new audit plan, special investigative teams will employ an advanced algorithm and risk analysis criteria to identify taxpayers with significant discrepancies between income and expenses.
Individuals whose
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