Greece’s Independent Authority for Public Revenue (AADE) is conducting tax audits involving composer Nikos Karvelas and singer Anna Vissi, examining their financial records, concert-related income, tax declarations and transactions with companies based abroad.
The investigation began after a public dispute between the two artists included references to large sums of money, prompting tax authorities to cross-check financial information. The audits extend beyond the recent controversy, covering previous tax years and several areas of financial activity.
€850,000 in focus in Karvelas case
According to reports, one of the main issues under examination concerns €850,000 linked to Karvelas and his outstanding matters with the tax authorities.
AADE inspectors attempted to deliver a notice to the composer at his home informing him that he had not filed a tax return. Karvelas is said to have reacted strongly to the inspectors’ presence, and the notice was not delivered in person.
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The document was subsequently sent to him electronically, in accordance with tax administration procedures.
The case is now focused on the next steps the authorities may take as they review the available evidence concerning his outstanding tax matters.
Vissi’s concert revenues under scrutiny
The tax audit has also expanded to the financial records associated with Vissi’s concerts.
Inspectors are examining ticket revenue, complimentary invitations, production expenses, payments to performers and collaborators, contracts, invoices and bank transactions.
The audit of her large-scale concert at the Athens Olympic Stadium (OAKA) is ongoing.
For concerts at the Panathenaic Stadium in Athens, known as Kallimarmaro, the production company failed to declare approximately €80,000 in value-added tax (VAT).
However, the company does not belong to Vissi, meaning the amount cannot be attributed to the singer as a personal tax debt.
European tour and overseas companies examined
The investigation has extended to Vissi’s European tour, which included performances in Düsseldorf, Stuttgart, Amsterdam, Paris and Brussels.
Authorities are examining companies involved in organizing the concerts, as well as VAT amounts exceeding €50,000 relating to the 2024 and 2025 tax years.
Invoices issued by companies based in Cyprus and the United Kingdom are also under scrutiny.
The audits are continuing as tax authorities examine the financial records and transactions associated with the artists and the companies involved in their activities.