- The European Commission says VAT compliance in the EU has improved significantly.
- VAT revenue losses fell from EUR 121 billion in 2018 to EUR 89 billion in 2022.
- The EU still loses about 7% of expected VAT revenue.
- Main causes of the losses include fraud, evasion, avoidance, and miscalculations.
- Digital tools like real-time reporting and e-invoicing are helping boost compliance.
Source: nitter.net
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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