EU Commission released new VAT Gap Study – Belgian Gap in 2013 estimated at 10% or EUR 3.2 billion
On 4 September 2015, the European Commission released the latest figures on the so-called “VAT Gap”. The VAT Gap is an indicator of the effectiveness of VAT enforcement and compliance measures, as it provides an estimate of revenue loss due to tax fraud, tax evasion and avoidance, bankruptcies, financial insolvencies as well as miscalculations. Based