Greece’s moves to lessen tax evasion will include a penalty up to 500,000 euros ($546,266) for property buyers using cash and canceling the deal to prohibit the purchase.
That measure will go into effect Jan. 1, 2024, under a bill sent to Parliament which stipulates that a real estate purchase and sale contract recording a payment in cash – which couldn’t be verified – would be void.
Source: The National Herald
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