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Greece’s Tax Reforms Boost Revenue, Aim to Close VAT Gap to EU Average by 2029

  • Revenue from tax evasion exceeded 2 billion euros in 2024 due to reforms.
  • Success allowed for additional permanent support measures for renters and low pensioners.
  • Public investment program was increased after Easter.
  • Optimism for better results this year with full POS and cash register integration.
  • Electronic transactions and digital tools are expanding.
  • Encouraging budget execution data so far.
  • Significant progress in reducing VAT gap, a key tax compliance indicator.
  • VAT gap reduced from 29 percent in 2017 to 13.7 percent in 2022.
  • Target to reach EU average VAT gap by 2029.

Source: minfin.gov.gr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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