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Background and situation analysis
The size of the informal economy in Greece overall has been estimated around 30 percent of GDP (Schneider, 2011). Undeclared work was estimated in around 25% in 2015 (ILO, 2014), but the figures are not real evidence because of the lack of reliable data bases until 2013. The evaded taxable income for the self-employed in Greece was estimated at 28 billion in 2009, implying that on average the true income of self-employed was 1.92 times their reported income (Artavanis et al, 2012). Further, Greece's tax receipts from personal income taxes represent roughly 15 percent of total tax revenues compared to 25 percent across OECD countries.
Objectives of the current Program
Against this background, this Program proposes to focus on improving the rule of law in Greece through three main initiatives:
- Identifying the particular drivers for informality in the country, including assessing the regulatory framework with a view to supporting formalization
- Based in the EU experience, equip the labour inspectorate and other related enforcement authorities with modern strategies, methods and tools for ensuring compliance.
- Assess the interoperability of the IT systems operated by various actors involved in applying labour and social security legislation
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