Taxing your assets

[Maik]

New online register to include all properties, shares, money abroad

Taxpayers will have to declare income from abroad, holdings in foreign companies and property assets and capital in other countries in the online asset register (“Periousiologio”) that the General Secretariat for Public Revenue will introduce in 2017, which will also include all taxpayer data stored by the tax authorities.

According to a top Finance Ministry official, by the end of the year a regulation will be submitted to Parliament that will force all Greek taxpayers to declare the assets and income listed above in the asset register. Even if taxpayers do not do so voluntarily, Automatic Exchange of Information agreements with 84 countries mean that the tax authorities can quickly get the required data themselves.

http://www.ekathimerini.com/213290/article/ekathimerini/business/new-online-register-to-include-all-properties-shares-money-abroad

[Maik]

The General Secretariat for Public Revenue has begun identifying properties owned by Greek taxpayers in 84 other countries which cooperate with the Greek authorities in a data exchange system.

Besides data on property held by Greeks abroad, the 84 international tax authorities will also exchange data with their Greek counterparts regarding securities, bank accounts, insurance policies, gross amounts of interest, dividends and other incomes, as well as revenues from the sale or buyouts of financial assets.

http://www.ekathimerini.com/213571/article/ekathimerini/business/tax-authorities-monitor-greeks-assets-abroad