After targeting taxpayers in Greece reporting that they earn up to 10,000 euros, this year the spotlight shifts to more than 2.8 million individuals declaring 10,000-20,000 euros.
The new cross-checks will match declared income with expenses such as tuition fees, insurance premiums, retail purchases, utility bills, loan installments, asset purchases and travel.
Those under review include not only self-employed professionals (already subject to presumptive taxation) but also employees, pensioners and anyone in the 10k-20k bracket.
According to AADE’s Operational Plan, the Directorate of Economic Studies and Tax-Gap Estimation will conduct a “Study – Cross-check of 10,000-20,000 euro incomes versus declared expenses.”
Some of the information used include:
– Card payments
– Deposit interest earned
– Retail and supermarket spending
– Bank accounts with annual movements over 100,000 euros
– Loan repayments (mortgage, consumer, etc.)
– Asset purchases (property, vehicles)
– Life, death, accident and health insurance premiums
– Hospital expenses at private clinics
– Tuition fees at private schools
– Landline/mobile, electricity and water bills over 1,000 euros
Taxpayers whose declared income appears insufficient to cover living costs or asset increases will face deeper scrutiny. Indirect techniques will review liquidity, net worth, bank deposits and cash spending.
If large discrepancies emerge, AADE will estimate the tax owed. Those who cannot justify their spending will be hit with a 33 % tax on undeclared income, a 50 % penalty on the extra tax and late-payment surcharges.
The initial audit cycle flagged about 800 people who claimed under 10,000 euros in income yet showed much higher spending—discrepancies not supported by their returns or AADE’s data.
Source: OT
