Greece Cuts VAT Fraud to Record Low, Saving Billions and Boosting Public Finances

• Greece reduced its VAT gap to a historic low of 9% in 2024, down from 24% in 2019.
• This improvement saves the Greek state €2.7 billion annually and brings Greece near the EU average.
• The success is credited to digital tax system reforms, including electronic bookkeeping and linking cash registers to POS systems.
• Opposition parties support the revenue gains but call for broader tax relief, especially for small businesses.

Source: iefimerida.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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