Greece
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Summary
Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.
Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.
Updates
05.27.22
|04.28.22
|03.23.22
|02.04.22
|The Greek MyData platform went live in October 2021 as a mandatory tax reporting requirement, driven by the need to combat VAT fraud.
The Greek government is striving for enhanced automation of the MyData system. Most Greek businesses will now receive any VAT rebates automatically in a shorter period of time- without the need for tax officials to be involved in the process.
There will be a few exceptions- such as companies with repeated past violations, or high-value rebates- which will need to be subject to additional monitoring. However, this shows the Greek Government’s intention to streamline the VAT rebate process and create a more automated MyData platform- resulting in increased convenience for customers and a more customer-friendly solution.
09.08.21
|Greece is looking to implement a phased roll-out of its upcoming e-invoicing MyData changes, starting on 1st September 2021. As a reminder, e-invoicing in this context refers to the connection of a certified e-invoicing certified service provider to the MyData platform. Tungsten does not meet the requirements for a certified provider, so we are requesting that suppliers attach their legal invoice to our Tungsten solution as we won’t be able to create the legal artefact for suppliers once the changes take effect.
Here are some key dates to watch out for:
The Greek MyData changes have been delayed multiple times already. So far we have not heard anything to indicate that these changes will not be going ahead on 1 September 2021. We will keep you updated.
06.30.21
|The Greek government have delayed mandatory invoice registration for ALL businesses through their myDATA platform. The new date floated for mandatory invoice registration through the myDATA platform is Autumn (anticipated October).
06.30.21
|The Greek government have delayed mandatory invoice registration for ALL businesses through their myDATA platform. The new date floated for mandatory invoice registration through the myDATA platform is Autumn (anticipated October).
03.31.21
|The start date for the mandatory transmission of tax documents’ date has already been postponed several times, with the last postponement to 1 July 2021.
It is important to note than none of the postponements left taxpayers ‘off the hook’ completely as the Greek tax office (AADE) considers the delays as grace period. The data that was generated in the grace period must still be submitted to the authorities through the myDATA platform by 31 October 2021.
03.31.21
|The Greek Public Revenue Authority (AADE) has recently published a Circular regarding the reduced VAT rate for tickets for streaming theatrical performances and concerts.
As of 11 March 2021, the 6% reduced VAT rate will apply for tickets for access to live streaming of such events. The new rate will apply for as long as the measure suspending public attendance to such events is in effect.
03.31.21
|The start date for the mandatory transmission of tax documents’ date has already been postponed several times, with the last postponement to 1 July 2021.
It is important to note than none of the postponements left taxpayers ‘off the hook’ completely as the Greek tax office (AADE) considers the delays as grace period. The data that was generated in the grace period must still be submitted to the authorities through the myDATA platform by 31 October 2021.
03.31.21
|The Greek Public Revenue Authority (AADE) has recently published a Circular regarding the reduced VAT rate for tickets for streaming theatrical performances and concerts.
As of 11 March 2021, the 6% reduced VAT rate will apply for tickets for access to live streaming of such events. The new rate will apply for as long as the measure suspending public attendance to such events is in effect.
02.23.21
|Greece has confirmed a further extension of the reduced VAT rate of 13% for cinemas, drinks and catering services, public transport and packaged holidays until 31 October 2021.
02.23.21
|Greece has confirmed a further extension of the reduced VAT rate of 13% for cinemas, drinks and catering services, public transport and packaged holidays until 31 October 2021.
01.05.21
|Greece’s e-Invoicing and e-Books mandate, which was supposed to have started on January 1, 2020, has been delayed again. Under pressure of the COVID 19 economic impacts and following requests from the business community, Greece’s AADE has decided to postpone the compulsory usage of the MyData e-Invoicing and e-Books platform until April 2021. Also, the platform is still undergoing development. We are currently analysing the impact of this delay as companies can still voluntarily submit transactional data to the platform.
01.05.21
|Greece’s e-Invoicing and e-Books mandate, which was supposed to have started on January 1, 2020, has been delayed again. Under pressure of the COVID 19 economic impacts and following requests from the business community, Greece’s AADE has decided to postpone the compulsory usage of the MyData e-Invoicing and e-Books platform until April 2021. Also, the platform is still undergoing development. We are currently analysing the impact of this delay as companies can still voluntarily submit transactional data to the platform.
10.06.20
|The Greek Government did an about turn on Oct 1st, the day of the mandate, to extend the voluntary period for invoice registration to January 1st 2021 citing economic impact of COVID and business readiness.
10.06.20
|The Greek Government did an about turn on Oct 1st, the day of the mandate, to extend the voluntary period for invoice registration to January 1st 2021 citing economic impact of COVID and business readiness.
03.03.20
|In a bid to fight indirect tax evasion, the Greek government is adopting an invoice clearance model that is similar to Mexico’s current setup.
03.03.20
|In a bid to fight indirect tax evasion, the Greek government is adopting an invoice clearance model that is similar to Mexico’s current setup.
05.10.18
|The Independent Authority of Public Revenue (Α.Α.Δ.Ε.) announced its intention in introduce mandatory e-invoicing and e-maintenance of accounting books as of 1 January 2020.
05.10.18
|The Independent Authority of Public Revenue (Α.Α.Δ.Ε.) announced its intention in introduce mandatory e-invoicing and e-maintenance of accounting books as of 1 January 2020.
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