IRIS Money Transfers: When Can Greece’s Tax Authority Investigate Transactions?
17 Articles
17 Articles
Money transactions via IRIS exceeded 126 million in 2025, which demonstrates how important a part of our daily lives they have become. According to data for last year, the total value of transactions reached 11 billion euros. However, caution is needed as the tax authorities are lurking. According to ERT, although transactions via IRIS are not automatically taxed, the real reason for the transfer plays a decisive role and whether the money is in…
IRIS money transfers: When can Greece’s tax authority investigate transactions?
When can Greece’s tax authority investigate IRIS money transfers? Shared bills and family support are not automatically taxable, but the purpose of each payment matters. Gifts, business income and transfers between relatives may face different tax rules.
When making transfers, we often don't realize that some of them may attract the attention of the bank, and sometimes even the tax office. This isn't just about transactions involving large amounts. The bank may also request clarification if it notices a suspicious transfer purpose or unusual transactions.
Particular attention is needed when transferring money via IRIS as some of the transactions are subject to tax. Small transfers of money via IRIS or bank accounts are now part of everyday life. From a refund for a restaurant bill to the pocket money a grandfather gives his grandchild or the money a parent sends to his child for his daily expenses, these transactions do not in themselves mean that a tax liability arises. There is no specific limi…
Money transfers via IRIS have become part of everyday life, with more than 126 million transactions worth a total of 11 billion euros in 2025. The convenience and speed of the service, however, raise questions about the tax treatment of money transferred from account to account. The post IRIS: When does the tax authorities check money transfers – What applies to friends, children and relatives appeared first on PatrisNews - Patris Newspaper of I…
Transactions to cover daily expenses do not constitute taxable income, nor are they grounds for initiating tax audits. However, the rationale for IRIS transactions is good to have. A decisive role in the tax treatment of a transfer is played by the amount of the transfer and the reason for the transfer (i.e. whether it concerns income, reimbursement of expenses, donation or [...]
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