Greece’s Public Revenue on Track for Record Highs
In Greece, Georgios Pitsilidis, the Governor of the Independent Authority for Public Revenue, announced that revenue is expected to exceed targets by nearly 4 billion euros this year, similar to trends in recent years. Key factors contributing to this increase include economic growth, inflation effects, and improved tax compliance, with timely payments and reduced tax evasion. The VAT gap has decreased from 29% in 2017 to 13.7%, though further reduction is needed to align with the European average.