ATHENS
A 10.7% increase in electronic transactions was recorded in 2024 compared to 2023. This significant increase in electronic transactions from 61.1 billion euros to 67.7 billion euros was mainly recorded in the second half of 2024 when the interconnection of POS with cash registers was completed, according to an announcement by the National Economy and Finance Ministry.
In 2024, an increase in tax revenues beyond the target of 2 billion euros was achieved, which is due to both the POS-cash register interconnection and the extension of the myDATA system for businesses.
These additional resources were returned back to citizens through the reduction of taxes and contributions, income support, as well as the Public Investment Programme.
“The 6.6 billion euro increase in electronic transactions in 2024 is the strongest proof that the interconnection of POS with cash registers has succeeded in making a decisive contribution to reducing tax evasion”, commented Minister of National Economy and Finance Kostis Hatzidakis.
