Over the past few days, those required to submit a Source of Wealth declaration have been receiving reminder notifications as the deadline approaches at the end of the month.

Specifically, declarations must be submitted and finalized on the relevant online platform (click here) no later than February 28.

The new platform, www.pothen.gr, introduces significant changes, the most important being the automatic retrieval of asset information from tax records, banks, and other institutions.

Taxpayers will be responsible for confirming the accuracy of the data, reducing both the workload and errors in completing the declarations.

Source of Wealth Declarations: New Features and Submission Process

The new process makes it easier for those required to file by offering:

• Automatic integration of assets, including bank deposits, real estate, income, and business holdings.
• Electronic submission of notarial documents, which notaries must file within 15 days of signing.
• Access via TAXISnet, ensuring the protection of personal data.
• Automatic data transfer from the Independent Authority for Public Revenue (AADE), the Vehicle Registry, and the General Commercial Registry (GEMI), providing a complete picture of an individual’s assets.
• Ability to correct information before submitting the declaration.

Simplified Process

• Electronic attachment of supporting documents to speed up the review process.

Stricter Penalties for Violations

The new regulations impose harsher penalties for inaccurate declarations or asset concealment, including:

• Prison sentences of up to 10 years for concealing significant assets.
• Asset confiscation if their legal origin cannot be proven.
• Fines of up to 10,000 daily units, depending on the value of undeclared assets.

What Changes for Declarants?

The updated process aims to enhance transparency and efficiency, reducing bureaucratic burdens on citizens while strengthening financial oversight. With automatic data retrieval and the ability to correct errors, the accuracy and reliability of Source of Wealth declarations are better ensured.