Online transactions rise 8%

The summation successful physics transactions by €3 cardinal successful the seven-month play from January to July, compared to 2024, was driven by measures taken the erstwhile year: The interconnection of currency registers with POS and the enlargement of POS to each economical enactment successful the 2nd fractional of 2024 person brought to the surface undeclared income arsenic well arsenic accrued value-added tax revenues.

According to information from the State General Accounting Office, physics transactions amounted to €40.8 cardinal successful the seven-month period, compared to €37.8 billion. Essentially, paper transactions accrued by astir 8%, with a trend for the percent to emergence to implicit 10% by the extremity of the year, fixed that the past 5 months (August-December) are peculiarly dynamic (through tourism, schools opening, Christmas holidays) for the marketplace compared to the archetypal fewer months of the year.

Last year, physics transactions came to €67.7 cardinal and this year they are estimated to attack €75 billion.

In January-July, the use of currency decreased by €3 billion, while for the whole year the simplification successful currency is expected to scope €7 billion. If past year’s information is besides taken into account, successful the two-year play 2024-2025 the simplification successful currency reaches astir €13.5 cardinal (cash decreased by €6.6 cardinal successful 2024).

Finance Ministry sources enactment that arsenic currency decreases, the state’s revenues increase, since income that was not taxed until present comes to the surface. At the aforesaid time, portion of the accrued transactions is besides attributed to the summation successful worker salaries by 6.3%. In different words, arsenic wages increase, depletion besides rises.

More physics transactions mean an summation successful VAT revenues and the containment of the amerciable economy. However, successful summation to the summation successful revenues from indirect taxes, the summation successful transactions and particularly turnover automatically leads to the declaration of higher incomes from galore categories of professions and adjacent from sectors that are astatine the top of the database for tax evasion.