Yield from POS compliance

The rise in electronic payments and the POS-cash register interconnection have also led to a significant increase in state revenue, as hidden incomes appear to be coming to the surface.

In the first half of the year, value-added revenues increased by 10.3%, which is due, according to National Economy and Finance Minister Kostis Hatzidakis, on the one hand to the growth of the economy and on the other to the initiatives to deal with tax evasion such as the interconnection of POS with cash registers and ERP systems (special accounting programs that many businesses use to issue receipts).

During the first eight months of the year, a significant increase in payments through the use of online means can be observed. It amounted in food services to 16% (from 4.8 billion to 5.5 billion euros), in taxis a huge 177% (from €18 million to €50 million), in doctors 20.1% (from €227...