• March 28, 2024

Greece looking to reduce tobacco tax avoidance

Draft legislation introduced in Greece on Thursday is aimed at reducing the country’s black market in tobacco products, according to a story by A. Makris for greekreporter.com.

As described, the law would affect all aspects of manufactured tobacco, from packing to retail sales, based on the application of an electronically readable tax and security band.

Greek State Minister, Panagiotis Nikoloudis, who presented the draft legislation, said it was aimed at reducing tax avoidance while ‘cleaning up’ the sector for the benefit of licit players, who would regain their competitive advantage.