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New tough tax regulations

Tax authorities will be able to withhold salaries and pensions and confiscate the properties of taxpayers who do not pay their special property tax

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New tough tax regulations

Citizens waiting in a queue to submit their tax declaration.

23 Oct 2011

Tax authorities will be able to withhold salaries and pensions and confiscate the properties of taxpayers who do not pay their special property tax, the Finance Ministry has said.

Deputy Finance Minister Pantelis Economou decreed that within 60 days of the issue of the bills, the Public Power Corporation and alternative electricity suppliers will have to send to the General Secretariat of Information Systems (GSIS) a detailed list of the taxpayers who have not paid their property tax, so that tax authorities can proceed to the compulsory collection measures.

Taxpayers will only have 40 days from the issue of the electricity bill containing the special property tax to pay it, or have their power supply cut. Unless they ask to be reconnected within 20 days, suppliers will delete the customer's request and send his or her name to the GSIS. They will only get their electricity supply back if they produce a receipt for the payment of their property tax to their power provider.

Source: Kathimerini

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