Crackdown on Tax Interventions: What New Measures and Tools Are Being Prepared by AADE

Despite the rapid pace of income declaration submissions, the Ministry of Finance (MoF) and the Independent Authority for Public Revenue (AADE) are not resting on their laurels in terms of adhering to the schedule but are planning new interventions. The focus of MoF and AADE is on property taxation, evidence, and other tax areas, with several scenarios under discussion, though not all will be implemented. The main thrust involves new measures expected to be announced by the prime minister at the Thessaloniki International Fair (TIF), with additional interventions possibly coming earlier than September. Emphasis is placed on properties, with the launch of a new digital tool from AADE, the Property Ownership and Management Register, as announced by Finance Minister Christos Pierrikakis. This register will record property details and usage information, allowing AADE comprehensive oversight over each property, thus limiting any potential tax evasion. Additionally, there are unconfirmed reports of a freeze on objective property values until 2027, potentially preventing increases in various taxes and fees. Changes are also being considered for small businesses and professionals regarding annual turnover thresholds without VAT, facilitating cross-border business expansion. Furthermore, reforms may involve income tax brackets, focusing on taxpayers earning between €20,000 and €50,000, and adjustments to living allowances.