Greek Union: Tax evasion through vouchers and prepaid cards in lieu of salary

The Greek Federation of Private Employees of Greece (OIYE) on Monday condemned the practice of offering employees gift vouchers for use in supermarkets and diners, in lieu of regular salary. The union said that companies, including large firms, were illegally replacing pay with vouchers and presenting this as a way to incentivize workers and improve their living standards when, in fact, it was a way to evade taxes and social insurance contributions.

It also criticised the companies accepting such vouchers, which it said were chiefly used to replace various categories of overtime pay.

It equally condemned the newly-introduced tactic where companies that had transferred their base to Bulgaria then hired employees in Greece as a foreign firm, with pay arriving in the form of a prepaid card linked to a Bulgarian bank account, thus sidestepping Greek social insurance payments entirely.

Source: ANA-MPA

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report


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