Greece’s Digitalization Strategy Aims to Boost VAT Revenue by €2 Billion

• The Greek Finance Ministry aims to close a 20% VAT revenue gap through digitalization.
• The gap has already been reduced to 15% and is expected to drop further to 9%.
• Greece is among the top four EU countries in reducing the VAT gap, along with Hungary, Germany, and the Netherlands.
• Key measures include digitizing records through MyDATA transaction reporting, implementing Greek e-invoicing by 2025, pre-filled VAT returns, and real-time point-of-sale reporting.
• These measures are projected to contribute an additional €2 billion to VAT collections.
• The effective date for these changes is 2025.

Source: tpa-global.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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