×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
27
Sep 2026
weather symbol
Athens 19°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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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

Anna Vissi: Rapturous reception at packed OAKA as tens of thousands of spectators attend

September 26, 2026

Kosovitsa in Northern Epirus: The village divided between Greece & Albania in 1923

September 26, 2026

Newlywed couple among two of the victims of Plaka tragedy: They were in Greece for their honeymoon

September 26, 2026

Tragic end to building collapse in Plaka: All six missing people found dead, last two bodies located

September 26, 2026

Greek-made drones at the Defence Ministry’s three factories: From 15,000 units in 2026 to 1 million annually (photos)

September 26, 2026

Trump rejects Iran’s proposal for a seven-day ceasefire as opening of Strait of Hormuz hangs in the balance

September 26, 2026

Mitsotakis on 37 years since the assassination of Pavlos Bakoyannis: We are following in his footsteps, fighting for what he wanted

September 26, 2026

Search continues for five missing people in Plaka after woman’s body recovered – Nearby buildings also at risk

September 26, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα