- The spread of electronic payments in Greece has significantly reduced tax evasion and brought more of the informal economy into the formal sector.
- The VAT gap decreased by €7 billion annually in 2025 compared to previous years.
- Universal card payments in 2024 generated an extra €400 million in VAT revenue.
- Digital tools like electronic books, mandatory POS machines, and instant payments further reduced annual revenue losses from €5-7 billion in 2014 to €2.1 billion in 2024.
- Freelance professionals reported record turnover increases of 10-15% in 2024, especially in sectors like bars, taxis, and trades.
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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