Sweeping intersections will be carried out by the end of the year by the Independent Public Revenue Authority (AADE) For the disclosure of undeclared income and “black” money, with all the capabilities of new technologies in its “arsenal”, such as artificial intelligence.
Specifically, VAT, cryptocurrencies, shares on foreign stock markets, but also retroactively, are targeted by the Special Mass Digital Intersection Unit of AADE, which will be staffed by IT executives and data analysts. They will use special algorithms to analyze large data and pump data from digital pricing systems. At the same time, artificial intelligence will be the comparative evaluation and “scanning” of any available element on the Internet and on social media.
Initially, the intersections barrage will concern four major categories and will gradually extend to the customs sector to combat smuggling and illegal trafficking.
The four initial categories are as follows:
1. Taxpayers who submitted zero VAT statements of 2024, and were active until 31/12/2025. In the event that the intersections identify tax evasion, a regular audit will be carried out by the AADE and re-calculated for business revenue and expenses. In addition to the resulting tax, offenders will be required to pay the fines provided for by law.
2. Settlements of at least 50% of incoming information from foreign authorities, through international administrative cooperation, with income tax returns (DAC1) for at least 2020, until 30/10/2025. It is indicative that for the recently completed DAC1 intersection, recently completed compliance actions were carried out to encourage the submission of the required income tax returns and 7,647 additional statements were submitted.
The intersections relate to taxpayers with their tax residence in Greece and who receive interest from overseas deposits, as well as those who have income (other than deposits) from other countries. Also in progress is the intersection by AADE for more than 50% of incoming information from foreign authorities through international administrative cooperation, with income tax returns (DAC1) for at least 2019.
3. Retrospective salaries for salaries and pensions of 2021. Those who are retired and retired receive retroactively for previous years shall declare them to the AADE online platform and even in the years concerning them. The retrospective earnings that will be declared will be taxed, but no fines and surcharges will be imposed. If they are not declared and identified by the intersections, then fines and surcharges will be charged.
4. Division of employment tax tax. Automatic crossings of the statements submitted by businesses to Tax Office and EFKA will take place.
With the comparison of employment tax returns (FMMs) and detailed periodic statements (DPAs), AADE seeks to identify businesses that indicate different information to the tax office and different in EFKA. It is sought to identify businesses that do not attribute the real FMM to the tax office or the actual contributions to EFKA.
The intersection of these data is facilitated by the obligation of businesses to submit electronically the declarations of withholding income tax and special solidarity levy on a monthly basis and in detail per employee. At the same time, detailed periodic statements (DPAs) are also submitted monthly, so the two statements can be compared.
Source: RES-EIA