Of Chrysostom Chufi

The more we buy with plastic money and electronic means, the more likely to reduce our taxes.

1/3 of the increased VAT revenue entered the public funds (+2.43bn) last year is attributed to the fight against tax evasion. That is, about 760m € are about interconnecting POS with cash registers and mydata tool.

  • 470cm € are about the new way of taxing freelancers and self -employed on the basis of minimum imputed income and in addition
  • € 750m is due to the development and taxation of legal entities.

The role of the POS – cash register interconnection is a key role, which, in combination with the rest of the measures taken, limited the use of cash by € 5,785bn.

Especially in the tertiary sector-commerce and services-AADE data show an increase in e-convention to 215 of the 282 total sectors by € 7.5m. The lion’s portion has:

  • Retail trade +3.1bn €
  • Focus +1.47bn €
  • Accommodations +567mm €
  • Wholesale trade +276cm €
  • Health Services +237mm €
  • Public Administration – Defense +205m €
  • Financial Services +161m €
  • Air Transfers +151mm €
  • Postal Services +150m €

The greatest quantitative Reduce the use of cash noted in the following sectors:

  • Retail Trade (beverage-piles) 807mm €
  • Restaurants and mobile catering units of 612m €
  • Fuel stations 352mm €
  • Beverages of 285mm €

In 67 of course, there was an increase in cash use by € 1.7bn

According to the IOBE for every 10 € new costs with cards, € 0.67 is increased in the previously unnecessary VAT revenue due to non -stated transactions.

As noted in AADE analysis, the disclosure of undeclared transactions so far by increasing the use of plastic money, does not only enhance the VAT revenue certificate. At the same time increases the declared revenue and so taxes Of these freelancers and legal entities.

Evidence shows that almost 6 out of 10 natural persons doing business (freelancers and self -employed) were caught in the presumption that the government “set up” in the new way of taxation. The result of an additional 470m € in public funds from what would result from declared income.

But also from the remaining 4 out of 10 taxed on the basis of what they said resulted in increased revenue of € 270m.

The omen for this year are even better. On the one hand, measures such as POS and cash interconnection will work for the whole year not half as last year. On the other hand, because new tools such as the digital clientele, digital pricing and digital shipping will be included in the “game” giving the prime minister the opportunity to announce the upcoming TIF important Taxation.