E-TRANSACTIONS

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  • Size of black economy reaches 20.9% of Greek GDP, BoG governor says

    Size of black economy reaches 20.9% of Greek GDP, BoG governor says

    Stournaras said tax evasion was more evident among self-employed and very small enterprises, but tax evasion was notable also in indirect taxation with Greece recording the fourth highest VAT gap in the EU, equal to 19.7% of total VAT (or 3.0 billion euros).

    Size of black economy reaches 20.9% of Greek GDP, BoG governor says