Finance ministry extends tax clearance for Athens Concert Hall until end of August

The finance ministry extended through an amendment on Thursday the tax and social security clearance of the Athens Concert Hall until the end of August, Finance Minister Euclid Tsakalotos said during a briefing in parliament on Thursday.

Tsakalotos said this move was chosen for the second time to allow the indebted arts center to cover its operational needs and obligations towards its employees. To avoid having to take the same measure in the future, the ministry ordered an audit to clarify the center’s economic state and appoint a new chief financial officer, he added.

In February 2016, Athens Concert Hall came under state ownership after the government agreed to cover its bank debts to ensure its survival.