New Year welcomes Greek citizens with strict economic measures to combat tax evasion, since the goal of the Ministry of Finance is to record and monitor thoroughly all assets of Greek citizens.

In this framework, the economic team of the government plans to impose a mandatory declaration of property status.

According to Kathimerini newspaper, the Ministry of Finance intends to introduce this system prior to the declaration of assets.

So this year, taxpayers will be first required to voluntarily reveal any undeclared income they might have, submit their tax returns and then they will be asked to fill in the special form of assets declaration during late April to early May.

According to Kathimerini citing an official of the Ministry of Finance, the assets declaration will initially include bank deposits, real estate and expenditures for luxuries, such as car purchases or fees for private schools and then possibly in 2017 artwork and jewelry purchases will be included.