Government Continues Crack Down on State Debtors

Saturday, June 24th, 2017
Last Update: 21:06

It is estimated that this year 3.94 million taxpayers owe the state money in tax payments amounting to some 94.7 billion euros.

This means that almost one out of two taxpayers are unable to pay their taxes due and is a state debtor.

According to the latest data released by the Independent Authority for Public Revenue, so far this year there are more than 530 confiscations occurring daily by means of freezing orders for bank accounts. Although these actions result in the state getting their money due, for debtors it is making it difficult to make ends meet with other financial responsibilities.

Last year authorities found much success in collecting from state debtors by means of authorities implementing some 1,602,835 forced measures to collect money owed. As expired debts have been increasing at a rate of 1 billion euros per month since 2014, state confiscations for money from delinquent taxpayers has been carried out through actions such as freezing bank accounts, confiscations of material goods, auctions and legal measures.

By the end of 2017, the tax administration is expected to carry out confiscations and repossession on an estimated 1.6 million taxpayers and banks are expected to execute a substantial amount of property auctions.

See Also:

Thank you for contacting

Thank you for your enquiry to Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Business page, CLICK HERE to create a Account