Huge fines on untaxed euros sent abroad

Taxpayers found to have forwarded money abroad in the 2009-11 period without having paid taxes on the amount in Greece will have to pay additional taxes and fines adding up to 600,000 euros on average.

According to a senior Finance Ministry official, the Monitoring Center for Taxpayers of Major Wealth may have conducted fewer inspections this year than in 2014, but the taxes and fines stemming from the checks that have taken place are impressive. In 2014 the tax imposed amounted on average to 370,000 euros per case, while in 2015 this has risen to 600,000 euros per case. The same source added that this increase is mainly due to the multiple checks conducted into names on various lists.

The ministry official noted that if, of the 24,710 cases that the monitoring center has undertaken, an average of 600,000 euros is imposed in the form of taxes and fines in 10,000 of the cases, the state’s revenues could rise by about 6 billion euros. However, this would certainly require an increase in the number of inspectors, the official stressed.