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
Thomsen: Debt relief after 2018makis - May 23, 2017
Poul Thomsen, the IMF’s Director of the European Department towed the line of German Finance Minister Wolfgang Schauble after the…
164 refugees land on Greek islands in one daymakis - May 23, 2017
The refugee flows to Greece are continuing at a steady pace as the weather warms up. 164 refugees and illegal…