Slovakia managed to cut its VAT gap to 10.6%
Slovakia managed to cut its VAT gap to 10.6% in 2021 from 13.9% a year earlier, European Commission study shows. The gap, the difference between actual and ideal VAT collection, is mainly caused by fraud and corporate bankruptcies. In Slovakia, it reached €871m in 2021, compared with €61bn across the EU. Between 2013-21, Slovakia (20 points), Hungary, Poland, and Latvia saw the biggest improvements. The Slovak improvement is down to a number of measures such as the VAT control report or reverse charge in some sectors, and in 2021 a pandemic ecommerce boom helped too.
(teraz.sk)
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