The finance ministry's financial crimes corps (SDOE) on Monday released a list of 70 companies found to be seriously in violation of taxation legislation, folliwng audits conducted by the SDOE in stepped up efforts to clamp down on tax evasion.

Penalties for tax evasion provided under the new taxation legislation will be imposed on those companies in September, according to SDOE, which include increased fines and even shutdown of the enterprises.

SDOE secretary general Yiannis Kapeleris told ANA-MPA that in the two-month period of June and July, SDOE conducted 800 audits on enterprises in the islands of the Aegean and ascertained 15,000 violations of tax law, the majority of which were failure to issue receipts.