AADE GAINS ACCESS TO REVOLUT DATA: WHAT HAS CHANGED SINCE FEBRUARY 17, 2026

There was a widely held belief that transactions carried out through fintech services such as Revolut, Wise, and PayPal remained outside full-scale tax monitoring systems. As of February 17, 2026, this situation has changed: financial transparency has become comprehensive, and digital transactions are now subject to a level of scrutiny comparable to that applied to traditional bank accounts.

According to a decision published by the Independent Authority for Public Revenue (AADE (Independent Authority for Public Revenue) – Ανεξάρτητη Αρχή Δημοσίων Εσόδων) in Greece, titled “Regulation of organizational and technical issues for the operation of the Bank Account Nexus Crosscheck Application system (an automated asset growth control system),” the functionality of the banking data monitoring mechanism has been significantly expanded.

This refers to a digital tax control system through which the tax authority analyzes bank accounts, cross-checks financial flows against declared income, and identifies incoming funds whose origin is not substantiated by official tax reporting.

What is changing

The new decision defines the scope of entities required to transmit data to the tax authorities. The list includes:

• all credit institutions;

• branches of foreign banks operating in Greece;

• payment institutions (fintech companies such as Revolut, Wise, PayPal, etc.);

• institutions issuing and circulating electronic money that operate in Greece, even if they do not maintain a physical presence in the country.

This means that fintech companies such as Revolut are now required to transmit detailed information on each taxpayer and their transactions to the Greek tax authorities.

The data subject to reporting includes:

✔ inflows of funds;

✔ withdrawals of funds;

✔ purchases and payments;

✔ account movements.

How this differs from the previous regime

Until now, taxpayers were responsible for manually declaring expenses made through fintech services in their tax returns. Under the new framework, this information will be transmitted automatically through inter-system data exchange. In effect, fintech services are being fully integrated into the digital tax monitoring infrastructure.

What risks arise

The system compares the volume of incoming funds, the nature of transactions, and overall financial turnover with declared income. If discrepancies are identified, the amounts may be classified as unjustified increases in assets, leading to additional tax assessments, fines, and financial penalties. With the introduction of automated data exchange, “digital areas outside oversight” are effectively eliminated.

When it takes effect

The decision applies from February 17, 2026, the date of its publication in the Official Government Gazette.

Previously, the use of foreign payment services was often seen as a way to reduce tax transparency. In the current environment of automated monitoring, financial compliance and prior legal review of transactions have become essential.

Follow us on social media:

Instagram  • Facebook

Lawyer in Athens | Legal Assistance in Greece | Revolut Data Access in Greece | Tax Control and Transfers in Greece 2026 | Revolut Monitoring in Greece