Greece’s Independent Authority for Public Revenue – known in Greece as AADE – is preparing to step up the war on tax evasion this summer by enlisting the aid of a new digital “weapon” dubbed “ELEGXOSLive”, in hopes of boosting tax compliance on Greek islands and other tourist areas, ANA reports.
The digital app will allow on-the-spot access to the financial profiles and archived information of the businesses being inspected and also permits searches and cross-checks of financial data.
The finance ministry and AADE estimate that the tourism industry can significantly boost tax revenues through the disclosure of undeclared income, noting that a part of the hike in VAT revenue the previous year was due to extensive inspections.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
