31 October 2017
In order to try to reduce VAT fraud the Greek government has launched a monthly lottery based on VAT compliant receipts issued to consumers.
From the end of October, every VAT receipt issued in the country will show a unique number which will be automatically entered into a monthly cash-prize draw organised by the government. There will be 1,000 winners each month that will win €1,000 each.
It’s hoped the scheme will encourage Greek consumers to ask for VAT receipts, in order to be entered into this draw. These receipts can only be generated by secure e-registers provided by legitimate VAT registered businesses, this will help to stop fraudulent activities such as evading VAT on cash payments.
Portugal, Poland, Slovakia and Malta have a similar VAT lottery in operation.
LATEST NEWS
E-invoicing hub
Navigating complexity and preparing for the digitalisation of VAT and the future of tax Following compromises and modifications to the original proposal, the...
SEE MORE
LATEST NEWS
EU finance ministers agree to introduce new customs...
In November, the Economic and Financial Affairs Council (ECOFIN) agreed to introduce a customs charge on low-value parcels valued below €150. The charge...
SEE MORE
LATEST NEWS
UPDATE: Swiss government confirms likely delay for the...
The Swiss tax authorities have confirmed that the increase in the standard VAT rate from 8.1% to 8.8% will now be postponed until 2028. This VAT rate increase...
SEE MORE