buscar

Technology Update
Our present is the best guarantee for the future

Greece to Mandate Electronic Tax Data Reporting in April

24/01/2020

In December, the Greek parliament approved rollout of the electronic tax reporting system via the publication of Tax Reform Act 464. The start date was set at 1 April, 2020.

The law is the result of a public consultation conducted by the Greek tax authority (IAPR)last year. The process had selected companies to test the My Digital Accounting and Tax Application (myDATA) public platform and the proposed schema to file digital tax statements.

What does the Greek e-VAT compliance system involve?

Starting on 1st April, companies must declare certain tax and accounting data electronically via the myDATA platform.

Which companies does it affect?

All companies that meet the requirements established by the Greek government regardless of company size, type, and accounting scheme.

What information must be declared via myDATA?

Different data must be declared to the authorities via myDATA depending on the role of the taxpayer, i.e., whether it is an “issuer” or a “recipient” of documents.

  • Document issuer: Summary of revenue documents received for tax purposes.
  • Document recipient: Summary of a company’s expense documents for tax purposes, received from issuers not obliged to transmit these documents via myDATA, or which did not do so for some reason (intra-Community acquisitions, imports, etc.).
  • All companies:
    • Classification of the transmitted summaries of a company’s revenues and expense documents (e.g., purchase or sale of goods, services, fixed assets, etc.).
    • All companies must also submit accounting adjustments to evaluate the fiscal year’s accounting and tax results,.e.g., payroll, depreciation, accrued income/spending, etc

Two electronic books will be generated from the accounting and tax information submitted to myDATA:

Record books: containing revenue and/or expense document data, the classification of these documents, and the accounting adjustments.

Summary books: reflecting the company's tax and accounting results in aggregated form, based on the information provided in the record book.

For now, the new digital tax reporting model will coexist with the current VAT reporting model. IAPR will cross-reference the data submitted to the myDATA platform with VAT statements. In the event of discrepancies, taxpayers will have two months to correct errors. Failure to correct said errors before the deadline could trigger audits by the tax authority.

These changes mark progress in the digital transformation of the Greek government, which is following in the footsteps of other European countries such as Spain and Hungary on tax matters.

In addition to tax digitalization, this year it will become mandatory for Greek public authorities to receive electronic invoices in the manner laid out by European Directive 2014/55/EU, starting 18th April.

EDICOM GLOBAL E-INVOICING & VAT COMPLIANCE

The EDICOM GLOBAL E-INVOICING & VAT COMPLIANCE platform allows businesses to exchange electronic invoices and documents both B2B and B2G. Operating in over 70 countries, the solution is adjusted to the legislative requirements of each region. It is especially designed for multinationals operating at a global level. The solution allows them to handle their transactions from a single communications platform, facilitating efficient, immediate, and secure document exchange.

Would you like to find out more?


Ask for information.

Tags

Cloud Computing B2B Cloud Platform EDI ASP-SaaS e-Invoicing GDSN VMI EMCS VAN OFTP2 AS2 Certification Authority Digital Signature Outsourcing SLA Software EDICOM Events Expert Chat SaaS-ASP Corporate Information HUB GS1 CFDI PAC APP Associated Facturae Data Sync NOM151 partners EDICOM Retail public administrations Acreditations Web Portal EDI NF-e einvoicing Partner Web Portal SAP EDI Health Edicomdata ediwin CRP EBI Facture Demat ei Payroll Portal EDI Travel B2B EDICOMNet edi logistics SAFT-PT Ticket Portal Avaluos business@mail EDI Manufacturers CT-e NFS-e TSD UE 1169/2011 epayrolls SEPA factura electronica Conservazione Sostitutiva edi automotive customer support center comprobante de pago CAE rg1169 e-billing DTE e-awb fattura pa comprobantes fiscales electrónicos UE 1169/201 report nfc-e einvo contabilidad electronica CFE comprobante fiscal electronico Portail Chorus compliance eAWB xml-cargo peppol edicom air iata e-cargo facturación electrónica IVA Cargo-XML EDICOMAir SUNAT Perú SEE Business Mail Payrolls recibos de sueldo EDI Auto b2g eprocurement IVA ELECTRÓNICO sii PCRDD SII AEAT Expert Analysis Switzerland NHS edi academy comercio exterior EDICOM LTA sat event TURKEY paperless OFTP EDI Web facture électronique dématérialisation fiscale carrefour colombia CFDI Nóminas DIAN México SAF-T VAT Poland DESADV ASN Fatture B2B Costa Rica Chorus Pro AIFE facture électronique en France Administration Publique en France facture électronique en Europe moda Italia interoperabilidad suministro inmediato de información european union digitalización settore sanitario openpeppol european einvoicing global einvoicing electronic invoice billentis report informe billentis factura electrónica ecuador edicom sii norway VAT compliance tax administration franco-german einvoicing españa air freight sector UNCTAD aviso de expedición Advanced Shipped Notice Despatch Advice peppol network peppol standards peppol european union chile tendencias interoperability interconexión chorus factuurcongress SINTEL Brasil interoperabilidade foreign trade nhs e-procurement strategy peppol access point e-procurement trends digitization digital transformation SaaS edicomsii MMOG/LE latam global einvociing cybersecurity EDI financeiro white paper factura electrónica colombia fintech Govein fashion eIDAS e-archiving ebimap SME EDICOMLta e-commerce EDI financiero russia fattura b2b B2B e-Invoicing GDPR RTIR FACe FACeB2B portugal blockchain ItalyNSO B2G e-Invocing business@mailPharma vat compliance ar EDIHOSP GOVEIN19 EDICOMSignADoc

Follow us on

  • linkedin
  • rss