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Containing VAT Evasion can Boost Revenues by €2 bln

Limiting tax evasion has been the goal of all governments, past and present. In the last few years, however, some positive steps have been made toward this goal in Greece, based on calculations carried out by the European Commission and government estimates.

The VAT gap in Greece was 23.4% in 2019, according to Commission figures, falling to 19.7% a year later and is estimated to be roughly 15% currently.

The ministry aims to bring this VAT gap down further, converging with the European average of 9%, which means an additional €2 billion euros in public revenue per year.

Source: www.ekathimerini.com

 

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