The next four companies, identified by the operation of the digital misleading rebate detection tool used by the Ministry of Development audit services, were notified of the fines, just as had happened before the first announcement of the five companies last Friday.

Independent tax authority AADE auditors who conducted an investigation at "Nammos" in Mykonos found themselves faced with extensive tax violations - tax evasion and levy evasion.

A draft law reforming the Code of Taxation Process was tabled in parliament on Tuesday night, following the conclusion of public consultation.