Based on risk analysis criteria the Independent Authority for Public Revenue (AADE) has set, businesses have been identified for audits in order to determine whether they have connected POS to cash registers and whether they are using undeclared terminals.
Tax authorities are launching some 3,500 targeted inspections, focusing on businesses and professionals considered to be in the high-risk category for tax evasion.
The focus is mainly on cases of the use of undeclared card terminals (POS), on transactions channeled outside the Greek banking system and businesses with intense activity in transactions within the European Union, where the authorities detect strong signs of hidden taxable material. Based on risk analysis criteria, businesses have been identified for audits to determine whether they have connected POS to cash registers and whether they use undeclared terminals.
The operation of the control mechanism comes at a time when the interconnection of cash registers and POS has become a key tool for the Independent Authority for Public Revenue (AADE) in curbing tax evasion. However, the audit authorities are finding that new forms of delinquency are developing, with businesses using payment terminals connected to providers abroad, so that transaction revenues end up in accounts outside Greece and do not appear in the tax administration’s systems.
