Improvement noted in tax compliance

Greeks displayed a significant improvement in tax compliance last year, partly thanks to the increase in electronic payments that are immediately recorded by the state, leading to tax revenues outperforming in 2023.

The January-November data by the Independent Authority for Public Revenue (AADE) showed taxpayers paying on time more than 8 out of 10 euros of the total debts in value-added tax, corporate income tax and the Single Property Tax (ENFIA). On the contrary, households seem to be struggling to pay their taxes, as shown by payments coming in late.

The AADE data show that in recent years there has been a significant increase in timely VAT payments, which has also led to the reduction of the VAT gap. In 2019 overdue payments amounted to 10.6 billion euros out of a total of €12.68 billion of VAT due (83.57%), while in January-November overdue payments came to €12...