Third of VAT on used car imports goes unpaid

Third of VAT on used car imports goes unpaid

Value-added tax evasion continues in used car imports, with state coffers being defrauded of millions of euros every year.

ccording to data published by the Association of Motor Vehicle Importers-Representatives (SEAA) on Wednesday for the period April-December 2021, based on figures from customs authorities, the VAT due was only paid by 65.8%, meaning that importers tried to evade 34.2% of VAT payments.

The average fine imposed per vehicle amounted to 6,011 euros. Greek authorities also requested the administrative assistance of foreign authorities for 340 vehicles, with 95 fines imposed totaling €250,000. Used car imports numbered 66,300 in 2021.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.