European Commission: VAT losses has been reducing in EU countries for years

By: Trademagazin editor Date: 2019. 09. 05. 11:04

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The difference between the calculated and the actual amount of VAT collected has been decreasing for years, reaching 137 billion euros in EU countries in 2017 – the European Commission announced on Thursday.

Pierre Moscovici, Commissioner for Economic and Financial Affairs, responsible for Taxation and Customs, said that the VAT loss in 2017 decreased by 8 billion euros, which is roughly the same as the 7.8 billion euros recorded in 2016. (MTI)