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Greece VAT receipt lottery to fight fraud

  • Oct 17, 2017 | Richard Asquith

Greece VAT receipt lottery to fight fraud

Greece is to become the latest country to launch a monthly lottery based on VAT compliant receipts in an order to reduce VAT fraud.

From the end of October, every VAT receipt will be stamped with a unique number which will be automatically entered into a cash-prize draw organised by the government. Each month, 1,000 winners will win €1,000 each – which will be exempted from income tax.

The scheme should encourage consumers to demand VAT receipts, produced by secure e-registers, provided by shops, restaurants etc.  It will also deter the practice of negotiating discounts on VAT-evading cash payments. The lottery has been backed by Greece’s bail out partners, the ECB, EU and IMF.

Portugal, Poland, Slovakia and Malta have a similar VAT lotteries in operation.

Need help with your Greek VAT compliance?

Researching Greek VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.