- OECD recommends Greece reduce low VAT rates and exemptions
- Suggests higher taxes on tobacco and new taxes on fat and salt
- Greek opposition wants lower VAT rates to combat inflation, government disagrees
- Government discussions aim to adjust tax rates to support middle-income groups
- Successful anti-tax evasion measures have generated an extra 1.8 billion euros in 2024
- European Commission soon to report a significant reduction in the VAT gap
- OECD points out reduced VAT rates aim to make tax system more progressive but benefits often go to wealthier households
- Reduced VAT rates in tourism benefit wealthier groups and business owners
- Greece has 75 VAT reductions and exemptions totaling savings of 968 million euros
- Largest exemptions are in private education, saving 479.6 million euros
- Greece had the seventh highest VAT rate in OECD in 2022 but average VAT revenue contribution
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.