
Arrears owed to the Greek tax bureau (AADE) eased to the still stratospheric 107.7 billion euros in April 2023 after a massive seven-billion-euro debt owed by the state-run Hellenic Railways Organisation was written off, as based on a law passed in 2022.
The write-off affects uncollectible arrears from unpaid loans incurred by OSE, and with the Greek state as the guarantor.
In terms of the overall figure, AADE now characterizes 26.28 billion euros as non-collectible. The number of individuals and business entities owing at least one euro to the tax bureau exceeds 3.68 million.
The “non-collectible” figure, however, may be much higher, that much of the arrears date back years and even decades, assigned to companies long dissolved or bankrupt and individuals now longer economically active or even alive.
A timelier figure relates to 2.45 billion euros in new arrears created in the first four months of 2023, of which 220 million euros recorded in April 2023, compared to new arrears to the tax bureau of 252 million euros in the corresponding month of 2022 – a decrease of 13 percent.


Latest News

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece