With time running out for Greece, the Ministry of Finances is currently discussing a series of measures that aim to boost public revenue and may be implemented immediately.
Automatic VAT payment via electronic platform: This will apply to all transactions between businesses in excess of 500 euros and for customer transactions over 1,500 euros
Monitoring of digital trade: The tax services of the General Secretariat of Public Revenue will be able to monitor businesses suspected of fraud and tax evasion.
Increasing luxury tax: Increasing the tax on luxury cars and swimming pools, the government aims to generated a further 20 million euros in 2015.
Closing pending tax cases at the courts: At present there are about 64,000 tax-related cases still pending for taxes due up to the 31.12.2013, which the government aims to clear them up by offering 33% to 50% discounts to taxpayers willing to settle their debts. This will generate a further 100 to 200 million euros
Electronic monitoring of tax evasion networks: Special social network analysis software will allow tax services to monitor businesses suspected of fraud and tax evasions. The implementation of this measure may generate 350 to 420 million euros.
Improving public revenue collection mechanism: A reevaluation of the Public Revenue Collection and Civil Procedure codes will help the government collect an additionally 225 to 235 million euros in 2015.
Expanding criminal prosecution for tax evasion: Stricter penalties will be introduced for people found guilty of maliciously evading taxes.
Collecting “forgotten” fees: About 435 to 450 million euros may be generated by collecting unpaid fees, such 2013’s vocation fees, which thousands of businesses have not yet paid, or outstanding vehicle inspection fees.
Introducing licensing fee for electronic gambling: This may increase public revenue by 125 to 175 million euros.
