Greece Achieves 61% Reduction in VAT Gap Over Six Years, Reports AADE

• Greece’s VAT compliance gap fell by 61% from 2017 to 2023, dropping from 29% to 11.4%.
• This is the largest VAT gap reduction among EU member states during that period.
• Greece achieved the sixth-largest annual decrease in VAT gap between 2022 and 2023, while the EU average gap increased.
• Greece is among the four EU countries with the lowest VAT gap related to fraud by missing traders.
• The VAT gap is expected to fall further to 9% in 2024, with ongoing reforms supporting public revenue, economic growth, and fair competition.

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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