- Greece has significantly reduced its VAT gap from 29% in 2017 to 11.4% in 2023, a 61% reduction.
- This 17.6 percentage-point decrease is the largest among EU member-states.
- Greece was among nine EU countries to further reduce the VAT gap between 2022-2023, with the sixth largest annual decrease.
- Greece ranks among the four EU countries with the lowest VAT gap due to fraud by missing traders.
- Preliminary estimates for 2024 indicate the VAT gap will drop further to 9%.
Source: ekathimerini.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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