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Greek Tax Authority AI Detects €50M in Fraudulent Invoices
Greece's tax authority used an algorithm to uncover €50 million in fraudulent invoices issued across four businesses. One case resulted in a €1.3 million fine, while investigations continue in the other three cases with tax assessments and penalties pending.
8 February 2025 · Ανεξάρτητη Αρχή Δημοσίων Εσόδων (ΑΑΔΕ) · Fraud, scams and manipulation
An algorithm deployed by Greece's Ανεξάρτητη Αρχή Δημοσίων Εσόδων (ΑΑΔΕ, the Independent Authority of Public Revenue) detected fraudulent invoice schemes across four businesses totalling approximately €50 million in tax evasion.
The algorithm identified fake invoices in businesses trading mobile phones and electronic systems (€16.2 million for 2019–2020), a machinery trading company in Athens (€11.8 million for 2022–2023), an electronic systems management company in Athens (€8.9 million for 2022–2023), and an animal feed trading company in Agrinio (€8.8 million for 2022–2023).
Reported impact
The first case resulted in a fine of €1.3 million. In the other three cases, investigations are ongoing and tax assessments and penalties are pending.