Economist Tasos Yiasemidis analyzed on the “Alpha News” program the statutory obligation of approximately 100 state and political officials to submit a declaration of assets every five years to the Parliamentary Committee of the same name, was analyzed by economist Tasos Giassemidis on the Alpha Enimerosi program. Prompted by the revelation that a former minister failed to include in his declaration bank deposits totaling 2.4 million euros and a piece of real estate, Mr. Yiasemidis explained that the “Pothen Esches” declaration triggers the Tax Commissioner’s right to conduct a capital status audit on any taxpayer.
What is a capital statement?
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
Every five or six years, the Tax Commissioner may request information from the taxpayer regarding the assets held at the beginning of a period, minus liabilities (e.g., loans), and what assets they held at the end of the period.
“The taxpayer must explain the difference, and if and when there is an increase in wealth beyond what was declared, it is understandable that the Tax Commissioner will ask specific questions.”
What the former minister claims
Journalist and TV host Katia Savva reiterated the claims made to her by the former minister. She claimed that the Tax Commissioner had identified small amounts in bank accounts in Cyprus, for which it requested explanations, and that he himself had disclosed his failure to submit information from a British bank.
SEE ALSO: He omitted €2.4 million and a property from his financial disclosure statement: Parliament is investigating a “false declaration” by a former minister and has requested an opinion from the Legal Service
