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European CommissionThe Second Economic Adjustment Programme for Greece. Fourth ReviewΡar /ΡageMoU2.3.2.4MoU2.3.2.5.iMEFP(14)MoU2.3.2.5.iiMEFP(15)MoU2.3.2.6.iMEFP(15)MoU2.3.2.6.iiMEFP(15)MoU2.3.2.6.iiiMEFP(18)MoU2.3.2.6.ivMoU2.3.2.6.vMoU2.3.2.6.viAction Deadline Comments StatusThe SGPR reinforces the provisions for protecting whistleblowerswho report corruption in the modern code ofconduct concerning conflicts of interests and declaration ofinterests and a system for protecting whistle-blowers whoreport corruption.The Authorities revise legislation to enable prosecution formajor tax evasion regardless of the tax payer paying thetax assessment in cases of settlement.To take full advantage of the existing Anti MoneyLaundering (AML) legislation, we will amend it to:(i) ensure that the General Secretariat of Public Revenues(GSPR) is represented at the Board of the financialIntelligence Unit (FIU);(ii) enable the GSPR to obtain from the FIU informationrelevant to individual tax audits and debt collection cases;(iii) require that information on relevant cases of failure topay confirmed debt over €50,000 be transmitted to the FIU(for purposes of implementing the AML law); and(iv) require the FIU to promptly inform the GSPR whenassets are frozen in relation to the laundering of proceedsof tax crimes.The Authorities amend the legislation to close effectiveAugust 1, 2013 for new entrants any instalment or deferredarrangements for payment liabilities arising from auditassessments other than entry into the fresh start and basicinstalment schemes.To reinforce transparency in financial transactions, theAuthorities adopt legislation for the creation of an indirectbank account register that will provide authorized revenueadministration personnel access to information aboutexistence of bank accounts held by taxpayers, and aboutthe current balance on the account.To reinforce transparency in financial transactions, theAuthorities complete the development of the IT systemnecessary for the indirect bank account register, which willbe implemented on a pilot basis.To reinforce transparency in financial transactions, theAuthorities complete a full implementation of the indirectbank account register.We have requested access to bank information to completethe audits of assets of managers of local tax offices and ofauditors and by end-July will complete 35 cases for whichsuch information has been provided.To reiforce transparency in financial transactions, theAuthorities ensure that Ministries and State OwnedEnterprises (SOEs) which have a fiscal relationship withtaxpayers and beneficiaries utilize their tax identificationnumber for financial transactions with them.To reinforce transparency in financial transactions, theAuthorities make compulsory the use of tax identificationnumbers for all official transaction with the whole publicadministration.To reiforce transparency in financial transactions, theAuthorities introduce a system to consolidate and link allof the different identification numbers now used acrossvarious Government agencies.2.3.3 Revenue and debt collectionSeptember2013September2013July 2013July 2013The approved amendments to provisions in the Codeof Ethics have been notified to SGPR's personnel ina document with protocol number Δ2Δ 1188911 ΕΞ2013/9-12-2013The action will not be reviewed at this stageThe provisions are included in article 68 of Law4174 (GG 170/A/26-7-2013).It is included in art. 75 of Law 4172 (GG 167/A/23-7-13).Observed.N/AObserved.Observed.July 2013 Art. 62 of L. 4170 (GG 163/A/12-7-13). Observed.August 2013September2013July 2013July 2013December2013June 2014The IT system is established. The relevant MD hasalready been signed.Relevant supplementary provisions are incorporatedin Law 4211 (GG 256/A/28-11-2013)By-end August 41 cases had been completed byIAD.The provisions are included in article 11 of Law4174 (GG 170/A/26-7-2013).The action was rephased for March 2014.Observed.Observed.Observed.Observed.NotObserved.N/AMEFP(16)MoU2.3.3.1.iMoU2.3.3.1.iiMoU2.3.3.1.iiiMEFP(15)MoU2.3.3.1.ivMoU2.3.3.2.iWe are introducing an electronic application system for taxinstallments, and will start collection.To reinforce the tax and related debt collection capacity,the SGPR presents a plan for providing a compulsoryprofessional training programme for debt managementstaff.To reinforce the tax and related debt collection capacity,the SGPR issues a circular specifying the criteria todetermine fresh debt.To reinforce the tax and related debt collection capacity,the SGPR assigns 30 staff of the Large Debtor Unit to thecollection of fresh debt.To reinforce the tax and related debt collection capacity,the SGPR completes the consolidation of debt collection inthe largest tax offices (DOYs).To secure a swift tax collection, the Authorities introducethe possibility of direct debiting of bank accounts fortaxpayers in arrears.July 2013 System operation has started. Observed.July 2013The plan was submitted to EC/ECB/IMF andapprovedObserved.July 2013 Protocol number GSPR 0005145/4-7-2013 Observed.July 2013September2013September2013Protocol number ΓΔ ΦΟΡΕΛ/ΔΗΜΕΣ 11108540 ΕΞ2013SGPR decisions with protocol numbers: 1) Δ6Α1126601 ΕΞ 2013/8-8-2013, 2) Δ6Α 1131769 ΕΞ2013/28-8-2013, 3) Δ6Α 1137252 ΕΞ 2013/9-9-2013, 4) 1147236 ΕΞ 2013/26-9-2013The system is fully operational since 16th ofDecember 2013. Relevant MD has been published(GG 3099/B/6-12-2013)Observed.Observed.Observed.84
ANNEXΡar /ΡageMoU2.3.3.2.iiMoU2.3.3.2.iiiMEFP(15)MoU2.3.3.3.iMEFP(15)Action Deadline Comments StatusTo secure a swift tax collection, the Authorities present aplan to replace payments in cash and cheque in tax officeswith bank transfers.To secure a swift tax collection, the Authorities amend thelegislation (Law 2648/1998) to close for new entrants anyinstalment or deferred payment arrangements for paymentliabilities arising from audit assessments other than entryinto the fresh start and basic instalment schemes.To preserve appropriate incentives towards a soundpayment culture, the Authorities commit not to adopt newtax amnesties, or extend existing amnesties for thecollection of taxes and social contributions during theyears covered by the economic adjustment programme.To speed up the processing of tax refund claims we willadopt legislation introducing a 90-day deadline for VATrefund payments and a 90-day deadline for income taxrefund payments.July 2013 The plan has been approved Observed.July 2013ContinuousSeptember2013It is included in art. 75 of the Omnibus bill voted on17/7 (GG 167/A/23-7-13).OngoingImplementation started as of 1/1/2014 as stipulatedby the Tax Procedure Code.Observed.Observed.Ongoing.Observed.MEFP(15)We will: (i) optimize the VAT refund risk analysis systemSeptember2013The procedure is being materialized on a permanentbasis and necessary improvements are made.Observed.MEFP(15)We will (ii) issue a circular guiding VAT refund audits bylocal tax offices.September2013The relevant circular was issued (protocol numberΔΕΛ Α 1197280 ΕΞ/27-12-2013).Observed.MEFP(15)MoU2.3.3.3.iiMoU2.3.3.3.iiiMEFP(15)MoU2.3.3.4MoU2.3.3.5MEFP(15)MoU2.3.3.6MoU2.3.3.6We will introduce a risk analysis system for processingincome tax refunds, including by prioritizing the largestrefund claims.To preserve appropriate incentives towards a soundpayment culture, the Authorities abstain from extendingthe deadlines for the filing and payment of taxes.To preserve appropriate incentives towards a soundpayment culture, the Authorities publish every Decemberthe schedule for the following year for filing and paymentof all taxes and levies for the state government and socialbudgets.We have amended Law 3888/2010, as of January 2013, toensure that taxpayers cannot avoid an audit by requesting asettlement from the moment when the taxpayer wasselected for audit to the completion of an audit by theissuance of the audit report and tax assessment.The Authorities repeal the application of the Code forCollection of Public Revenue for collection of socialsecurity contributions, and enact a new legal frameworkfor public revenue collections in line with internationalbest practice.The Authorities, to ensure full application of Law4051/2012, issue the joint Ministry of Finance - Ministryof Justice decision required according to Article 203 of theAdministrative Procedures Code, amended by Law4051/2012.The Authorities publish monthly indicators to monitorperformance of the fresh start and basic instalmentschemes.The Authorities publish monthly indicators to monitorperformance of the fresh start and basic instalmentschemes.September2013ContinuousDecember2013 &ContinuousThe SGPR decision-circular has been issued in GG3366/B/31-12-2013 as well as the Conclusion of theWorking Group on the definition and evaluation ofcriteria-rules for selecting income tax returns toaudit.Ongoing.The tax schedule for 2014 was published.Observed.Observed.Ongoing.N/AJuly 2013 It is assessed that no law amendment is needed. Observed.February2014July 2013Continuous,starting July2013ContinuousAwaiting for Ministries' cooperation. New deadlinefor modernization of KEDE till June 2014.Published in Government Gazette Issue No 1816B'/25-7-2013Relevant report is created on a monthly basisAll data have been published.Observed.Observed.Ongoing.NotObserved.TMU The Authorities publish tax and SSC indicators. July 2013 Relevant report is created on a monthly basis. Pending.MEFP(16)The Authorities publish monthly indicators to monitorperformance of the fresh start and basic instalmentschemes.2.3.4 Social Security ContributionMoU2.3.4.1MoU2.3.4.2.iMEFP(17)The special working group - created to examine thearrears stock across the four largest Social Security Funds(SSFs), to assess collectability, and identify collectiblearrears for transferring them to the new single collectionentity - will develop a framework for coordination andintegration of tax and social security contributions (SSC)arrears collection.To strengthen the collection of social securitycontributions and related debt, the Authorities adoptlegislation to establish the organization of a new jointcollection centre for social security contributions debt(KEAO).December2013December2013July 2013All data have been published.A M.D. will be published in the following monthwhich will give access to GSIS data base to KEAOin order to target debtors' assets.GSPR & M.o.L. composed a note that has beensubmitted to EC/ECB/IMF and points out that thetwo ministries either already have a cooperation orwill cooperate in the near future.There is a tight program with certain milestones forthe integration of tax and SSC arrears collection atthe new MoU.The establishment of K.E.A.O. has been made witharticle 101 of law 4172.2013 (FEK 167-23/07/2013).A relevant M.D. has also been published withno.Φ80000/οικ.23795/791 - 05/08/2013 concerningSSC late payments. Moreover, the manager ofPending.N/AObserved.85
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OUTLINE OF THE REPORTEXECUTIVE SUMM
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LIST OF GRAPHSGraph 1. Economic cli
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ACKNOWLEDGEMENTSThe report was prep
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European CommissionThe Economic Adj
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1. INTRODUCTION1. INTRODUCTION1. Th
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2. MACROECONOMIC AND FINANCIAL DEVE
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2. Macroeconomic and financial deve
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Chart 3Graph 2.3. Exports of goods
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European CommissionThe Second Econo
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ANNEXTable B1: USE AND SUPPLY OF GO
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ANNEXTable C1: FISCAL ACCOUNTS AND
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ANNEX 3: UPDATED PROGRAMME DOCUMENT
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OCCASIONAL PAPERSOccasional Papers
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No. 46No. 47No. 48No. 49The Western
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No. 80 2011 Pre-accession Economic
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No. 119No. 120No. 121No. 122Possibl
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No. 1582013 Economic and Fiscal Pro
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