Greece has the highest VAT rates in the Eurozone, study finds

10 January 2020
345 Views

Greek households are one of the most burdened in Europe, a Tax Foundation study on VAT rates has found in a report.

According to the report, Greece is in the 1st spot in the Eurozone, with a 24% base rate, along with Finland. Compared to all EU members, Greece is in fifth place.

The EU countries with the highest VAT rates are Hungary (27%), and Croatia, Denmark and Sweden (25%).

Luxembourg imposes the lowest VAT rate (17%) followed by Malta (18%), Cyprus, Germany and Romania (19%).

The EU average VAT rate is 21%, six points higher than the minimum VAT rate required by EU regulation.

According to the European Commission, the increase in VAT rates in previous years has deepened the revenue gap. About 6 billion euros are lost in Greece each year due to non-payment of VAT.

You may be interested

Alternate Foreign Minister Varvitsiotis: Significant tension between Greece and Turkey if Hagia Sophia turned into Mosque
GREECE
shares43 views
GREECE
shares43 views

Alternate Foreign Minister Varvitsiotis: Significant tension between Greece and Turkey if Hagia Sophia turned into Mosque

Panos - Jul 03, 2020

Α possible Turkish government’s decision turning Hagia Sophia into a mosque would signal a significant tension in the Greek-Turkish relations…

Greece: E-governance Min. Pierrakakis outlines digitization progress at online e-conference
GREECE
shares46 views
GREECE
shares46 views

Greece: E-governance Min. Pierrakakis outlines digitization progress at online e-conference

Panos - Jul 03, 2020

Digital Governance Minister Kyriakos Pierrakakis outlined the key steps so far taken under the government’s digital transformation policy, while speaking…

GREECE
shares50 views

Incoming flight passengers total 21.000 at Athens International on reopening day of all Greek airports

Panos - Jul 03, 2020

Some 21,100 passengers and 55 international flights arrived at Athens International Airport on July 1, the first day of the…

Leave a Comment

Your email address will not be published.