- The government has implemented tax reforms that include reducing the overall tax burden, which increases citizens’ disposable income.
- There has been a significant reduction in the VAT gap, now below 10%, due to measures against tax evasion and smuggling.
- Digital tools and the integration of POS systems with cash registers have contributed to improved VAT collection.
- Increased state revenues, including from VAT, are being returned to society through targeted support measures.
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.
Latest Posts in "Greece"
- Greece Introduces Actual Use VAT Deduction Method for Mixed-Use Immovable Property
- Greece Clarifies VAT Rules for Self-Use of Professional Pleasure Boats
- Greece Clarifies VAT Rates for Self-Use of Professional Pleasure Boats in New Circular
- VAT Clarifications for Personal and Business Use of Professional Pleasure Boats in Greece
- myDATA in Greece: VAT Compliance, Dangerous Codes, Audit Triggers, and Fines Explained
