Gvt snatches owed money from bank accounts

December 11, 2013
Written by E.Tsiliopoulos

The Ministry of Finance, in its effort to combat money laundering, will run electronic checks on all tax payers holding bank accounts of more than 1,000 euros and owe money to the State.

Tax Registries as of tomorrow, December 12, will have access to bank account information. All barriers of Protection of Personal data have been lifted, after many “battles” given by the relevant authorities and therefore personal information from taxpayers' bank accounts will be available to the Ministry of Finance and more specifically to Tax registry Offices.

If a taxpayer fails to pay on time his dues to the State, then the relevant Tax Registry will request a full report from the bank where the taxpayer holds an account of at least 1,000 euros, in order to withhold any amount owed to the State, if it exceeds 300 euros.

Tagged under