A significant increase of 10.7% in electronic transactions was recorded in 2024, with the total amount reaching 67.7 billion euros compared to 61.1 billion euros in 2023.
This increase is mainly attributed to the interconnection of POS with cash registers , a reform that has drastically reduced tax evasion.
How did the POS-Cashier interface contribute?
From the second half of 2024, each electronic transaction was accompanied by the corresponding issuance of a document, reducing the possibility of hiding revenue.
This reform, combined with the full implementation of myDATA, contributed to exceeding tax revenue targets by 2 billion euros. The additional resources were used for tax reductions, income support and investments through the Public Investment Program.
The Minister of National Economy and Finance, Kostis Hatzidakis , stated that “the increase in electronic transactions by 6.6 billion euros is the strongest proof that the POS-cash register interconnection has borne fruit , contributing to the reduction of tax evasion and enhancing the sense of justice in the business world.”
Rapid increase in electronic payments in specific sectors
Some industries recorded impressive increases in electronic transactions in 2024:
- Car washes: +614% (80.2 million euros)
- Childcare services: +433% (€71.1 million)
- Watch & jewelry repairs: +348% (4.6 million euros)
- Lawyers: +299% (45 million euros)
- Taxi: +196% (79 million euros)
- Food: +12.5% (6.6 billion euros)
- Doctors: +10% (392 million euros)
What’s coming in 2025?
The Ministry of National Economy and Finance is launching four new digital reforms to further strengthen tax compliance:
- Universal use of myDATA for income-expense declaration
- Digital Customer Service
- Digital Shipping Note
- Universal implementation of Electronic Invoicing
The implementation of these reforms is expected to enhance transparency and further increase public revenues, offering more benefits to citizens.