The Bank of Greece has put forward a range of proposals to tackle Greece’s VAT gap, the measure of actual tax receipts versus expected, which is one of the highest in the EU at 25.8% (almost 26 percent ) €5.4 billion. Therefore, the persistent VAT gap of approx. 26% brings a range of digital recommendations.
What do these measures include?
The Bank of Greece recommends anti-fraud VAT measures
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
1177
Content accuracy validation date:
09.05.2022
Content accuracy validation time:
09:42h
Measures the central bank has put forward for the upcoming period include:
- Mandatory use of electronic payments for retail outlets
- Automated VAT credit repayments, without manual approvals, to build trust in the VAT process
- Eliminating special VAT reduced rates in holiday locations
- Adoption of Artificial Intelligence, blockchain and similar cutting-edge technologies to identify VAT fraud
- Further adoption of electronic invoicing, building on the myDATA e-invoice and e-bookkeeping reforms
- Strengthening administrative cooperation in the field of VAT between the tax authorities of the EU Member States
The EU VAT Gap initiative will be launched later this year by the European Commission to help tax authorities share the best practices.
Other news from Greece
Businesses in Greece Will Be Required to Declare Vending Machines in the New Greek AADE Register
Greece
Author: Tara Nedeljković
The Greek Independent Authority for Public Revenue (AADE) has established the Register of Vending Machines, set to launch on November 14, 2025, requiring all operators to declare their machines for monitoring and tax compliance. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece sets Deadlines Beginning in 2026 for Mandatory E-Invoicing, starting with Large Companies
Greece
Author: Tara Nedeljković
Greece will introduce mandatory electronic invoicing in phases starting 2026, beginning on February 2, 2026, with large resident companies earning over €1 million annually, followed by all other taxpayers from October 1, 2026, and full adoption by 2027. Let’s explore this further. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece proceeds with digitalization: AADE’s tax records are becoming digital by mid-2026.
Public
Greece
Author: Tara Nedeljković
Greece
Author: Tara Nedeljković
Greece’s tax authority (AADE) will digitize all tax records by mid-2026, replacing paper archives with electronic systems under a €40.2 million EU-funded project. The reform aims to modernize tax administration, reduce bureaucracy, and provide faster, more efficient services for both employees and citizens, indirectly easing processes for businesses. The Independent Authority of Public Revenue (AA... Read more
Mandatory Electronic Transmission of Sales Performed on Vending Machines To AADE in Greece
Greece
Author: Tara Nedeljković
Greece’s Decision A.1111 mandates that all vending machines, except certain fuel dispensers, be equipped with integrated ADIME devices that record each sale and transmit the data electronically to the AADE. In order to find out more, please read the whole article. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece Abolishes Handwritten Proof of Payment for 42 Professions: Instructing to Switch to Digital Issuance
Greece
Author: Tara Nedeljković
Greece has abolished the use of handwritten receipts for 42 professional categories, requiring all affected businesses to issue digital receipts exclusively through the AADE’s e-Timologio platform, certified providers, or other approved technical means. This reform, part of broader anti-tax evasion measures, mandates real-time reporting of transactions to the myDATA platform, ending long-standing exemptions for many freelancers and service providers. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece Issues Completely New Regulation A.1112/2025: Changed Rules for Electronic Data Issuance Service Providers
Greece
Author: Tara Nedeljković
On August 5, 2025, Greece issued Decision No. A.1112/2025, establishing a new regulatory framework for Electronic Data Issuance Service Providers (EIDSP), including updated obligations, audit procedures, and certification requirements. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece moves toward mandatory E-Invoicing for B2B Transactions and new postponements for B2G E-invoicing
Public
Greece
Author: Nikolina Basić
Greece
Author: Nikolina Basić
Greece is moving toward mandatory e-invoicing for all B2B domestic and export transactions, requiring invoices to follow the European Norm (EN) format and be submitted via certified providers or the AADE platform. Meanwhile, the final phase of B2G e-invoicing has been postponed from June 1 to September 1, 2025, allowing more time for public-sector adaptation. The Greek government introduce... Read more