Greece VAT receipt lottery to fight fraud

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

UPDATE: Bulgaria extends the VAT rate reduction to 9%...

The Bulgarian tax authorities have confirmed that the VAT rate applicable on the following goods and services will remain at 9% until after the COVID-19...

SEE MORE
LATEST NEWS

Bahrain increases VAT rate to 10%

From 1 January 2022, Bahrain has announced that it will increase its VAT rate from 5% to 10%. This VAT rate increase is being introduced to re-stabilise the...

SEE MORE
LATEST NEWS

New German coalition government announces intention to...

The German government has announced that it intends to implement a mandatory B2B e-invoicing regime in the country.     The new voluntary regime will allow...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.