By G. Kouros
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Tax authorities in Greece will be able to order the opening of safety deposit boxes at banks in the country – for the purposes of an audit or to confiscate valuables to cover arrears – under a “fast track” framework, beginning on Monday.
Under a stricter regime now legislated in the country, banks will also recorded all the particulars involving safe deposit boxes, such as when customer opens it.
Leases for contracts approximating to 200,000 safe deposit boxes are reported in Greece today.
