A 10.7% increase in electronic transactions was recorded in 2024 compared to 2023. This significant increase in electronic transactions – from €61.1 billion to €67.7 billion – was mainly recorded in the second half of last year when the connection of POS with cash registers, a project to tackle tax evasion that brings significant benefits to citizens and businesses, was completed. Through the interconnection, for all electronic transactions through POS, the corresponding document is issued through the cash registers, so that no revenue is concealed and in this way, tax evasion is significantly reduced.

It is characteristic that 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 interface and the extension of the myDATA system for businesses. These additional resources, the Finance Ministry said, were returned to citizens through the reduction of taxes and contributions, income support as well as the Public Investment Program.

In more detail, below are some indicative sectors with a large increase in electronic transactions in 2024 compared to 2023:

-Car Washes (from 11.2 million to 80.2 million)- an increase of 614%.
-Childcare services (from €13.6 million to €71.1 million) – up 433%.
-Watch and jewelry repair services (from 1 million to 4.6 million) – up 348%.
-Lawyers (from 11.3 million to 45 million)–increase 299%.
-Cabs (from €26.5 million to €79 million)- up 196%.
-Photographs, graphic arts (from €2.2 million to €4.1 million)- up 86%.
-Cleaning and laundry services (from €11.5 million to €16.3 million)- up 41%.
-Dentists (from €206 million to €249 million)- up 21%.
-Dieticians (from €5.9 billion to €6.6 billion)- up 12.5%.
-Medicines (from €357 million to €392 million)- up 10%.

Minister Kostis Hatzidakis said: “The €6.6 billion 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 curbing tax evasion. Through this reform, a sense of fairness and a level playing field between businesses is strengthened and at the same time, tax revenues are increased which can be directed either to support social policy or to further tax reductions. It is therefore a social policy in practice that is here to stay!”

The Ministry of Finance also notes that for 2025, the implementation of 4 more digital reforms to modernize the tax mechanism is underway to further reduce tax evasion. Already since the beginning of the year, the universal use of myDATA for the declaration of income and expenses of businesses is being implemented, while the Digital Customer Invoice, the Digital Shipping Note, and the universal expansion of the Electronic Invoice are to be gradually implemented within the year.