Greece: My DATA e-book and e-invoices

August 2, 2022by TPA Global0

Reporting of sales e-invoices will continue: purchase reporting will begin on January 1, 2022. 

At the beginning of July 2021, the Greek Ministry of Finance and the Greek Tax Office, AADE, began the voluntary rollout of their VAT transactional reporting via e-invoice and e-book reporting. On October 1, 2021, the first group of taxpayers began reporting sales invoices. By 1 January 2022, all businesses will be reporting sales invoices in real time. 

In addition to the advantages of digitization, taxpayers will now receive automatic VAT refunds on their returns in cases where input VAT exceeds sales VAT for the period. Long wait times for credit refunds in the past have been improved by this. 

Greek e-book and e-invoice rollout: 

  • 20 July 2021 – mandatory e-invoice sales invoices reporting on myDATA for taxpayers using certified outsourcing e-invoice providers 
  • 1 Oct – first wave of live sales invoice reporting via ERP’s for businesses with revenues in excess of €50,000 
  • 1 Nov – all other taxpayers to report sales 
  • 1 Nov – start of VAT cash registers implementation, with live point-of-sale reporting of till transactions 
  • 1 Jan 2022 – second wave of live sales and purchases invoice reporting via ERP’s 
  • 31 Mar 2022 – catch-up historical data for 2021 not already submitted must be presented

Effective date: January 2022 

Source

 

TPA Global

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