- Significant reduction in VAT gap in Greece for another year
- Based on the latest data from the European Commission for 2022, the VAT gap decreased to 13.7 from 17.5 in 2021
- This represents a 21.7 percent reduction within a year
- Since the establishment of the Independent Authority for Public Revenue in 2017, the VAT gap has decreased by 53 percent from 29.1 percent
- Greece is among the top four countries with the lowest VAT gap from missing traders, ranging between 1.0 and 2.0 percent
- Efforts to reduce VAT gap and limit missing traders phenomenon are showing results
- Use of artificial intelligence, digitalization, centralization of services, and targeted audits have improved efficiency and speed in tax administration
- Continued efforts are needed to further reduce tax evasion for the benefit of all compliant citizens and businesses, enhancing fair competition and social justice
Source: taxheaven.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.
