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A retroactive tax on deposits abroad

06 August 2011 / 15:08:33  GRReporter
4643 reads

* Intensification of the administrative penalties for terminating the activity of professional equipment.

* Collection of data for depositors abroad (including the use of a credit card issued by a foreign bank), for which the origin of the funds has not been proven or the accumulated interest has not been declared. In particular, in such cases taxation of the capital and interest retroactively will be provided.

* Removal of the Code for books and data and the inclusion of the necessary provisions in the Code of income taxation.

* Streamlining of the Code of penalties and escalation of punishments based on the tax history of the taxpayer.

* Delegation of all the collection and payment of the tax authorities to the banking system.

* Performing automated inspections from a distance through an electronic company data transmission.

* Closure of a large number of tax offices and transfer of services for citizens which may not be available electronically from a distance to the Public service centers or to the "tax service counters".

* The carrying out of researches of the spectrum and methods for providing information and individual services to taxpayers. This includes a study of the organization of the internal service channels to provide information to a higher instance.

* Development of personnel, equipment and infrastructure of the above mentioned public services office.

* Campaigns to increase tax legislation compliance, which are targeted according to the industries with the help of specialized chambers and other collective bodies.

* Implementation of programs for shaping the tax awareness in secondary education.

* Provision of incentives for reporting of high tax compliance rate: a sign of exemplary taxpayer for traders and persons freelancers (which will be awarded after two consecutive inspections with no violations) and providing of tax concessions or facilitations for payment.

* Full mobilization of the Office for tax arbitrage.

* Organizing and implementing the procedure for administrative settling of tax disputes within the Ministry of Finance.

* The creation of a new office for internal affairs as part of the tax service, which will be directly subordinate to the Minister of Finance.

* Summary using of the information system ELENXIS for subsequent evaluation of the controls.

* Replacement of control procedures by tax certificates drawn up by accountants and auditors.

* Simplification and clarification of tax rules in particular in regards to the keeping of accounting books and corporate data and the definition of production costs.

* Conduct of regular training programs for employees and executives in order to create awareness of what is meant by unacceptable behavior.

* Activation of the new provisions for disciplinary councils with a new composition that will make them independent of the representatives of the employees.

* Activate the new provisions that impose penalties on officials in the ministry who had been arrested with charges of passive corruption, regardless of the amount.

* Speeding up the procedures for employees offenders using the new institution - a prosecutor for economic crimes.

* Creating a strong framework to protect citizens, providing fully the opportunity for signaling and receiving information about its development, without revealing the identity of the person who gave the alert.

* Creation of a new corps of inspectors for verification and compulsory collection that will be involved in specific "contracts" for achieving the objectives.

* Establishment of a new General Directorate for Control and collection of state revenues in order to acquire operational responsibility, but also capacity for planning, risk analysis and monitoring of control activities and fundraising.

* Establishment of a Special Service for tax arbitrage as an independent body for settling tax disputes.

* Closure or merger of a minimum of 180 tax offices based on specific objective criteria and concentration of power and human resources in the larger tax offices in every major city (with the exception of Athens, Thessaloniki and the islands).

* Transfer of many of the standard services for taxpayers from tax offices to the public service centers.

Tags: tax legislation income concealing control Ministry of finance
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