By George Psyllides

Fifty people and companies, including developers and football clubs, owe the state over €163 million in taxes it emerged on Monday, following the leak of a confidential finance ministry list submitted to parliament.

The list includes first division clubs, developers, hoteliers and other businesses that owe the state between €1.5 million and €14.7 million – the highest amount.

The state has filed lawsuits against most and has made collection arrangements with others. Restrictions have also been placed on immovable property.

Nicosia football clubs Omonia and APOEL owe around €7 million and €6 million respectively. AEL of Limassol and Anorthosis Famagusta owe €2.2 million and €3.1 million respectively. The list includes a second entry for Anorthosis, which owes €2.4 million. All the clubs have made arrangements with the state for repayment of the amounts.

The state has also filed a lawsuit against APOEL and restrictions have been placed on property.

Included in the list is NK Shacolas Group LTD, which owes €6.8 million, Miltiades Neophytou LTD, €5.7 million, Athienitis developers, €4.2 million, Giovani developers, €3.6 million, Venus Rock Estates, €2 million, Aristo developers, €1.8 million, Pafilia, €1.7 million, and Christophoros Karayiannas and Son Ltd, €1.5 million.

The list does not include amounts which have been appealed nor the names of individuals and companies who have gone bankrupt or are under administration.

It was submitted after Green party MP Giorgos Perdikis accused Finance Minister Harris Georgiades of providing cover to tax evaders.

Perdikis had asked for the names of the people and companies who owed the most to the tax department.

Georgiades said it was a matter of confidentiality, clearly stipulated in tax legislation.

“Fully respecting the right of every MP to exercise critic, I consider the references unfair and excessive, especially when restrictions arise from legal provisions that parliament has passed,” Georgiades said in a letter accompanying the list.

Confidentiality can be lifted for reasons of public interest, the minister said, but the tax commissioner decided no such reason existed in relation with the MP’s request.

However, the law also afforded the minister the power to have the final say and allows him to give the list to the house president, exclusively for parliamentary oversight reasons, with the proviso that it would be handled confidentially and its publication would be avoided so as not to hurt public trust.

Link to the list [Greek only] here: lista.pdf (1)

1. R.X. Processing 14, 747,554 2. Mediterranean Holiday Res LTD 9, 750, 222 3. Omonia Football Club 7, 034, 885 4. N. K. Shacolas-Holdings LTD 6, 855, 827 5. APOEL Football club LTD 6, 151, 892 6. Firmworth Finance and Investments LTD 6, 088, 894 7. C.N.H. Ependysis Axias LTD 5, 888, 806 8. Miltiades Neophytou C. E. & Developers 5, 753, 877 9. Chacholis Developers LTD 5, 904, 677 10. K. Athienitis Con. Devel. Public Ltd 4, 217, 999 11. A.C.L.N. LTD 3, 994, 818 12. Tauler Consultants LTD 3, 939, 268 13. Giovani Developers LTD 3,650, 016 14. Renos Hadjioannou Farm LTD 3, 600, 533 15. Kofinou Abbatoir 3,196, 216 16. Anorthosis Football Club 3, 146, 394 17. Olveron Investments LTD 2, 876, 969 18. Suphire Securities and Fin. Serv. LTD 2, 587, 647 19. Michalis D. Zavos Investments LTD 2, 546, 936 20. C.T. Tobacco LTD 2, 505, 596 21. Kleanthis Savva Developers LTD 2, 457, 988 22. Anorthosis Ammochostos Football Club 2, 456,042 23. Paphos Mediterran Hotels LTD 2, 398, 537 24. Oikonomou Georgios 2, 386, 926 25. CYEMS CO LTD 2, 351, 329 26. Cyproperties Constructions LTD 2, 293, 585 27. AEL Football Club 2, 290, 948 28. Lagos Vaggelis 2, 230, 708 29. Makrides Zacharias 2, 222, 618 30. Marzen Holdings Company LTD 2, 217, 942 31. Sigma –Severis & Athienitis Secu. LTD 2, 182,032 32. Chacholis Development Operations LTD 2,177, 463 33. UNISYS World Trade Inc. 2, 152, 279 34. Zaquato LTD 2, 120, 367 35. Venus Rock Estates LTD 2, 068, 281 36. Global Value PLC 1, 937, 586 37. Transport Investments Holdings LTD 1, 929, 109 38. Omikron Bookmakers LTD 1, 928, 299 39. Panos Eliades LTD 1, 922, 292 40. A. & E. Transport LTD 1,910, 685 41. Aristo Developments 1, 835, 170 42. Starcloud Management LTD 1, 786, 978 43. Alexandros Demetriou & Sons LTD 1, 755, 027 44. Pafilia Property Developers LTD 1, 747, 434 45. W Investments LTD 1, 740, 771 46. M.K. Digital World (Cyprus) LTD 1, 735, 549 47. D. Zavos Group Land & BLDG Develop. 1, 609, 619 48. Gregoris Yiasemi & Sons Develop. LTD 1, 583, 283 49. Christoforos Karayiannas & Son LTD 1, 518, 283 50. Charalambou Filippos 1, 488, 784





