AADE launches property auctions to pressure Greek tax debtors

The Independent Authority for Public Revenue (AADE) has launched a new program of electronic auctions, starting with 56 properties, to pressure long-term tax debtors. This initiative serves as a mechanism to encourage taxpayers to utilize the emergency 72-installment debt settlement program before the December 31, 2026, deadline.

To qualify for the 72-installment plan for debts incurred up to December 31, 2023, taxpayers must first settle or regulate any new debts assessed from January 1, 2024, onwards. Failure to do so may result in asset seizures and auctions.

The current auction list includes various properties, notably in Mykonos, as well as multi-story buildings in Neo Kosmos and a maisonette in Magoula. Additional auctions are scheduled throughout September, October, November, and December, covering locations such as Drama, Keratsini, Chalkidiki, and Crete.