- Greece reduced its VAT gap to a historic low of 9% in 2024, down from 24% in 2019.
- This improvement saves the Greek state €2.7 billion annually and brings Greece near the EU average.
- The success is credited to digital tax system reforms, including electronic bookkeeping and linking cash registers to POS systems.
- Opposition parties support the revenue gains but call for broader tax relief, especially for small businesses.
Source: iefimerida.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 Achieves Largest VAT Gap Reduction in EU, Reaches Record Low Compliance Gap
- Greece Achieves 61% Reduction in VAT Gap Over Six Years, Reports AADE
- Greece Achieves 61% Reduction in VAT Gap Over Six Years, Nears Eurozone Average
- EU Urges Czechia, Greece, and Slovakia to Fully Implement Key Customs Systems
- Greece Leads in Digitalization but Lags in Tax Compliance, VAT Gaps, and Tax Exemptions
