×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
03
Mar 2026
weather symbol
Athens 12°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

50-60% tax on undeclared wealth

New plan expected to take effect on October 17

Newsroom October 6 07:25

According to sources, the Greek government has reached a compromise with its creditors on the matter of collecting revenue from undeclared wealth. The recommended plan provides that taxpayers who voluntarily disclose undeclared wealth will be charged between 50 and 60% of the difference emerging after a tax audit on bank deposits and declared wealth. The government hopes to effect the process on October 17. According to the recommended plan, the tax office ‘tariff’ will reach 50% of the taxpayer’s capital if the audit has not commenced, 55% if the audit is under way but incomplete, and 60% if it is completed without a final court ruling. The measures include widespread audits and meticulous cross-checking of wealth from bank deposits and lists, the ability for those audited to settle cases with the tax office, and the legislation of a wealth registrar. Some sources close to the government say a final compromise between Greece and its lenders on the matter is very close, while others add that a second proposal is on the table of talks that includes the payment of interest, in the fiscal year the audit takes place, equal with the tax inflation that leads to an additional tax between 20 and 60% depending on the tax coefficient of the year. The new plan is expected to be announced in due course, while the tax services have already started cross-checking data with the newly installed software for the period between 2002 and 2014.       

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Tom Hanks’ son traveled to Colombia with his Greek passport and can’t return to the US: “Free me”

March 2, 2026

Life inside the shelters of Tel Aviv: Evacuation within minutes and empty streets (video)

March 2, 2026

The Belharra “Kimon” sails into Cyprus, where the general who gave it his name was killed fighting the Persians – His story

March 2, 2026

Georgian detained over espionage at Souda

March 2, 2026

A “shield” of protection over Cyprus from the “Centaur” and Aster 30 systems carried by Greek frigates – How they deter aerial attacks

March 2, 2026

The four Greek F-16 fighter jets sent by Athens have landed in Cyprus (video)

March 2, 2026

Keir Starmer: British bases in Cyprus are not used by American bombers

March 2, 2026

Iranian general directly threatens Cyprus: “We will launch as many missiles as necessary to force the Americans to leave”

March 2, 2026
All News

> Lifestyle

Paul Anthony Kelly: ‘Love Story’ star becomes a father

‘Love Story’ star Paul Anthony Kelly welcomes first child with wife Syd Widziszewski-Kelly

March 2, 2026

James Bond: Announcement for the next 007 approaches – Filming of the new movie to begin this year

February 26, 2026

Porn star Bonnie Blue pregnant after controversial “400 men challenge”

February 25, 2026

Reactions to Rosie Huntington’s appearance: “My God, what’s wrong with her face?”

February 20, 2026

Marilyn Monroe’s Palm Springs home listed for $3.3 million

February 20, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα