Commission report: Greece lost nearly 5 bln € in VAT remittances in 2014
A European Commission report on Tuesday estimates that lost VAT remittances in Greece for 2014 at 4.92 billion euros, whereas in 2013 the loss was even greater, 6.34 billion euros.
Throughout the Union, the Commission estimates that nearly 160 billion euros was lost from failure to fully collect VAT remittances.
The Commission’s study says the Greek state should have collected around 17.6 euros in 2014 from value added taxes, instead it collected 12.7 billion euros, or a 28-percent loss.
You may be interested
Putin says he is not ready to leave the Russian presidencyPanos - Jul 25, 2017
Russian President Vladimir Putin said Friday that he might decide to stay in office for life. Putin stated on Friday…
Olympiakos and AEK to start their Champions League campaignsPanos - Jul 25, 2017
Greek champions Olympiakos Piraeus and runners-up AEK Athens enter the Champions League competition tonight in an effort to advance to…
The Ancient Greeks had two different concepts of time — and the second could change how you organize your dayPanos - Jul 25, 2017
If you’ve encountered languages other than the one you grew up with, you’ve likely discovered a word that captures an…