The European Union has approved new rules requiring platforms like Uber and Airbnb to collect and remit VAT on services provided through their platforms, leveling the playing field with traditional businesses. The regulation, effective from 2030, aims to boost VAT revenues by €6.6 billion annually and reduce tax inequalities. Despite initial resistance and a five-year delay, the reforms promise fairer competition and streamlined compliance through a new "one-stop shop" system for businesses across the EU.
Tag: tax compliance
New tax measures targeting freelancers and independent business owners are proving effective, according to Greece's Finance Ministry and AADE. The measures include presumed income taxation, mandatory POS linking, and stricter reporting of expenses via the myDATA platform. Authorities aim to reduce tax evasion and improve compliance with further digital reforms, such as a digital clientele list and prefilled VAT declarations.
The Independent Public Revenue Authority (AADE) is introducing a new AI-driven tool to combat tax evasion by performing comprehensive cross-checks of tax data. This digital unit will analyze information from tax systems, social media, and online platforms to uncover undeclared income. Key focus areas include monitoring short-term rentals, detecting suspicious transactions, and verifying real estate purchases and sales.
For the first time in nine years, Greek taxpayers have filed their income tax returns within the deadline, the Independent Authority for Public Revenue (AADE) reported on Monday. From April 25 to August 2, a record 6.54 million individuals submitted their tax declarations, averaging 65,439 filings per day.