AADE: Battle against tax evasion strengthened through advanced digital tools

At a peculiar lawsuit hosted by the Independent Authority for Public Revenue (AADE), the main results of the task “Capacity Building successful Advanced Data-Driven Approaches and Tools for Risk Assessment and Tax Audits successful Greece” were presented. The task was successfully completed, marking an important measurement towards the modernization of taxation audits.

The inaugural was funded by the European Union and carried retired nether the Technical Support Instrument (TSI) done SG Reform, successful collaboration with the Swedish Tax Agency (STA). Through this associated effort, AADE is enhancing its capabilities by adopting caller technologies and methodologies. By leveraging artificial quality and large information analytics, AADE importantly increases its effectiveness successful detecting precocious tax-risk cases.

The project’s main results include, among others:

• Pilot AI and Machine Learning model: A strategy was developed that enables much targeted and businesslike enactment of cases for taxation audits.
• Adoption of Risk Analysis Methodologies: New approaches were applied for the systematic appraisal of taxation risk, allowing audit mechanisms to absorption connected higher-risk areas.
• Addressing modern forms of taxation evasion: A specialized usher was drafted for monitoring and auditing activities successful e-commerce and cryptocurrencies, closing gaps successful these rapidly increasing markets.

The lawsuit was addressed by AADE Governor Giorgos Pitsilis and attended by officials of the Authority, arsenic good arsenic representatives from the European Union and the Swedish Tax Agency.

Commenting connected the project, Giorgos Pitsilis stated:

“The completion of this task demonstrates our beardown committedness to adopting innovative practices and further strengthening our audit mechanisms. Through planetary practice and the usage of technology, we are modernizing and becoming much effectual successful our mission: to guarantee just taxation by combating taxation evasion, for the payment of nine and the economy.”