VAT gap

    Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted to an unacceptable high yearly figure worth 5 billion euros. Overall, the EU member states lose a total...

The EU auditors together with the Greek government, posed  the question of raising the Greek VAT on food on the agenda of discussions. According to a European Commission study, the Greek government collects around €15 billion a year from...

According to a European Commission report published on September 20, within the period 2008-2011 Greece lost some 40 billion euros in uncollected Value-Added Tax. According to Greek media reports, Greece had the second-worst performance, following Romania, among the countries that...