- European countries failed to collect €128 billion in VAT in 2023.
- The VAT gap varied widely, from under 5% in Finland and Austria to over 20% in Romania and Malta.
- Causes include evasion, fraud, filing errors, limited administrative capacity, and policy decisions.
Source: news.bloomberglaw.com
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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