EC study: VAT gap in Greece at 34 pct, more than double the EU average

Economy Tags: EC

The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013.

This policy gap ratio is broken down into the ‘rate gap’ that represents the potential revenue loss due to reduced VAT rates and the ‘exemption gap’ representing the potential revenue loss due to exempted supplies of goods and services.

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