![Tax Bureau: €18.5mln in Revenues Concealed by 52 Online Retailers](https://www.ot.gr/wp-content/uploads/2024/08/aade_sales.jpg)
The latest sweep by Greece’s tax bureau, this time targeting the online retail sector in the first half of the year, reportedly identified 52 online local businesses selling various products over the Internet without declaring the revenues – and obviously failing tack on and pass on VAT taxes to state coffers.
The tax bureau, officially called the Independent Authority for Public Revenue (AADE), itself a memorandum obligation demanded by bailout creditors, said cross-checking of data accessed from myDATA platform in tandem with parcel deliveries by courier companies pinpointed the 52 online violators.
Tax inspectors then poured over online data and opened bank accounts once AADE’s algorithms and online surveillance system detected suspicious activity.
More than 18.5 million euros in revenues were concealed in the latest tax-evasion scheme uncovered, according to the tax bureau.
Source: tovima.com
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