Finance Ministry in the process of allowing taxpayers and accounting offices to submit overdue statements without a fine up to two to three days after the deadline

Finance Ministry to obtain all electronic data on taxpayers’ transactions.

Taxpayers with just one source of annual income will not need to submit an income tax declaration as of next year according to the draft of the new tax code

old and new tax debts stood at 56.6 billion euros at the end of February

Criticism from the country’s international creditors has pushed the decision.

Expired debts, property taxation and objective values, indirect taxes, capital repatriation are the main points Greece will discuss with the troika.

Budget of 2012 shows primary surplus of 435 mln euros according to preliminary data, but revenues lag.

Spending painfully reduced while property levies offset revenue loss from tax evasion, consumption drop.

Greece’s EU partners are sending in reinforcements to help reorganize the country’s tax collection mechanism, aimed at improving state revenues and combating tax evasion.

Finance Ministry planning to allow taxpayers to settle dues in as many as 10 monthly instalments.