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Greece 6th in lost VAT tax revenue for 2018, EC data shows (infographic)

Greece was 6th in uncollected VAT tax for the fiscal year of 2018 with €6.6 billion, according to figures released by the European Commission. The total sum of lost Value Added Tax (VAT) revenue the whole of the EU bloc amounted to €140 billion in 2018.

While the figure is an improvement on previous years, it is expected to grow again due to the coronavirus pandemic. In percentage terms, the VAT gap was highest in Romania (33.8 percent) and lowest in Sweden (0.7 percent).

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In absolute terms, however, Italy came first with €35.4 billion in uncollected VAT with the United Kingdom in second place (€23.5 billion) and Germany rounding off the top three (€22 billion). The United Kingdom is included here as it was still a member of the EU in 2018. The VAT Gap is defined as the overall difference between expected VAT revenue and the amount actually collected.

source statista

 

Infographic: Mind The Gap: Uncollected VAT Cost The EU €140 Billion In 2018 | Statista

You will find more infographics at Statista

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