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Tax Reforms Boost Disposable Income, Improve VAT Collection, and Fund Targeted Social Support Measures

  • 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.



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