
Unpaid taxes amounted to 1.539 billion euros in the first two months of 2024, according to the Independent Authority for Public Revenue (IAPR). As the figures revealed the number of debtors totaled 3,878,712 individuals and legal entities.
The Independent Authority for Public Revenue reported 3,878,712 taxpayers with debts to the tax authorities, with 1,506,475 of these debtors facing enforced measures (seizures).
According to the data, the total outstanding debt stands at 107.18 billion euros, with 26.3 billion of this deemed uncollectible. The actual outstanding debt was limited to 80.85 billion.
Over the 2 months, Greek authorities collected 968 million euros in overdue debts. The new overdue debt reached 1.736 billion, compared to 1.484 billion during the same period last year (an increase of 17%), over the bi-monthly period, according to IAPR.
In terms of the aggregate “new overdue debt”:
For February, the new overdue debt reached 956 million, compared to 930 million during the same period last year (a 2.8% rise).
For the bi-monthly period, the new overdue debt reached 1.539 billion euros, compared to 1.331 billion during the same period last year (a decrease of 15.4%).
Total collections against new overdue debt reached 199 million euros in February, compared to 161 million during the same period in 2023 (an increase of 24%).
For the bi-monthly period, total collections against new overdue debt reached 294 million euros, compared to 223 million during the same period in 2023 (an increase of 32%).
Source: tovima.com


Latest News

Greece’s Top Unions Announce April 9 Nationwide Strike
As of now, there is no official announcement on whether workers in public transport systems will join the strike, leaving questions about the availability of buses, metro, and trams on the day.

PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February