Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows

Economy Tags: EC, Revenues, Taxes

The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014.

The report showed that the VAT gap in the EU stood at 159.5 billion euros in 2014, down by 2.5 billion from the 2013 figure. In addition, the VAT gap as a percent of VTTL landed at 14.1 percent in 2014, marking its first decrease since 2011.

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