
New tax arrears created by households and businesses in Greece over the first four-month period of 2022 reached 3.5 billion euros, raising the total owed to the state to the stratospheric 112.559 billion euros.
The figure for March 2022 alone was 790 million euros in new arrears, but dropping to 178 million in April 2022.
Of the larger figure, however, a major portion is back taxes, fines and accrued interest slapped on companies no longer in operation or on individuals no longer alive of economically active. As such, a large chuck of overall arrears is deemed as uncollectible.
As of April 2022, individuals with even one euro in arrears to the tax bureau reached four million in Greece, out of a population of roughly 11 million.


Latest News

Life Expectancy Rise in Europe Slows Down – Greece, UK Record Highest Declines: Lancet Medical Journal
Poor diet and lack of physical activity are seen as key factors contributing to the negative trend.

Capital Ship Management and Lloyd’s Register Complete the World’s First Tanker On-shore Power Supply Compatibility Assessment
This innovative project marks a significant step forward in the transition towards sustainable port operations

Greek Airports See 12.6% Surge in Passenger Traffic in January 2025
The steady extension of the tourist season is fueling optimism, highlighting Greece’s strong position as a top global destination

Greek Foreign Minister Gerapetritis to Meet U.S. Counterpart Rubio in the U.S.
Greek FM Gerapetritis will be in the U.S. to speak before the United Nations Security Council in New York on Monday and Tuesday, focusing on the war in Ukraine and developments in Syria.

National Bank of Greece (NBG) Stocks Remain Attractive: UBS
In this context, UBS maintains its “buy” recommendation with a price target of €11.20.

Int’l Tender for Port of Volos Cancelled
Highest bidder was Thessaloniki Port Authority, with an offer of 51 million euros

E-Transactions in Greece Up 10.7% in 2024, YOY
Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes

Greek-Egyptian Energy MoU Signed in Cairo at EGYPES 2025
The signing of the MoU aims to advance the two countries’ cooperation concerning Carbon capture and storage (CCS)

New Ukraine Summit in Paris Wednesday; Greek PM to Participate
Prime Minister Kyriakos Mitsotakis, addressing a European People’s Party (EPP) emergency teleconference Tuesday morning, emphasized the need for Europe to speak with one voice on defense matters.

As Greece Boosts Tax Revenue, Will Citizens See Lower Rates?
Despite innovative technologies boosting Greece's tax revenues, tax rates remain unchanged, and citizens continue to bear the burden