buscar

Technology Update
Our present is the best guarantee for the future

Greece announces new dates for the transmission of financial data through the myDATA platform

18/06/2020

tax-compliance-greece-mandatory-edicom-blog

Greece’s tax authority, the Independent Authority for Public Revenue (IAPR), has officially announced that myDATA, their platform for the transmission of fiscal data, is in production. The new timeline for businesses to begin sending this information through myDATA has also been published.

The IAPR has decided to carry out a gradual implementation so that companies have enough time to adapt their systems and procedures. For this reason, the start date has been moved to 1 October.

 

The new dates for businesses’ declaration of financial information through myDATA are as follows:

  • 20 July: Companies that decide to use electronic invoicing providers may begin sending issued invoice reports voluntarily

  • 1 October: All companies, regardless of their chosen method of transmission (from their ERP or through e-Invoicing providers), are required to declare the summary of issued invoices and the classification of received invoices.

  • Before 31 December: All businesses must transmit the summary of invoices issued between 1 January and September 30, 2020.

  • Before 28 February 2021: All businesses must send the classification of invoices received between 1 January and 20 September 2020.

 

How does tax complaince through myDATA work in Greece?

 

What is the Digital Accounting & Tax Application – myDATA?

myDATA is the platform created by the IAPR to digitize the declaration of companies’ financial and accounting data through the transmission of electronic records.

Through the implementation of myDATA, the government hopes to ease businesses’ compliance with their fiscal obligations. It is also hoped that the increased transparency will generate a climate of trustworthiness between the administration and businesses, reducing tax evasion and fraud.

The rollout of myDATA represents a great advance in the digital transformation of the Greek tax administration.

 

Which companies are required to declare through myDATA?

All businesses that manage accounting processes according to Greek regulations.

 

How to transmit electronic accounting records to myDATA

The government has established three methods companies can use to send information:

  • through their ERP
  • through e-invoicing providers
  • manually through the myDATA platform, an ideal option for small businesses

What information must be declared through myDATA, and who sends it?

  • Invoice Issuer: Summary of issued invoices

  • Invoice Recipient: Summary of received invoices, only if the issuer has not reported them to myDATA (for example, due to a failure to comply or in the case of imported goods)

  • All Companies: Classification of issued and received invoices according to their type. Apart from invoices, all companies must submit payroll information (monthly), depreciation (annually), as well as information related to income and spending such as accounting provisions and adjustments.

With this information, myDATA will generate two electronic accounting books:  Detailed Books and Summary Books.

Under this system, the IAPR can supervise business transactions, ensuring that they comply with Greek law. They will have access to the accounting and fiscal data of companies through the electronic accounting books.

Tax contributors should keep in mind that this new system will not replace the current VAT declaration process.

Electronic accounting books are separate from VAT declarations. In the case of discrepancies, the taxable entity will have 2 months to correct or justify the errors. In the case of unjustifed discrepancies, companies will be subject to inspection by the IAPR.

 

B2B e-Invoicing in Greece

The government has defined the format and required data for B2B e-invoicing in Greece.

In line with European Union recommendations, the Greek electronic invoice format will follow the European Standard EN 1691-1 and the Peppol CIUS.

Currently, its use is voluntary.

 

 

Would you like to find out more?


Ask for information.

Tags

Cloud Computing B2B Cloud Platform EDI ASP-SaaS e-Invoicing GDSN VMI VAN OFTP2 AS2 Certification Authority Digital Signature Outsourcing SLA Software EDICOM Events Expert Chat SaaS-ASP Corporate Information 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 CRP EBI ei Payroll Portal B2B EDICOMNet edi logistics SAFT-PT Ticket Portal Avaluos business@mail EDI Manufacturers CT-e NFS-e TSD epayrolls factura electronica edi automotive customer support center comprobante de pago CAE e-billing DTE e-awb comprobantes fiscales electrónicos nfc-e eaccounting contabilidad electronica CFE comprobante fiscal electronico compliance eAWB retenciones electronicas xml-cargo peppol edicom air iata e-cargo IVA Cargo-XML EDICOMAir SUNAT Perú SEE Business Mail Payrolls recibos de sueldo EDI Auto b2g eprocurement datapool panama sii PCRDD SII AEAT NHS edi academy comercio exterior EDICOM LTA sat paperless mmog OFTP EDI Web colombia CFDI Nóminas DIAN México SAF-T VAT DESADV ASN Fatture B2B Costa Rica Complemento pagos Chorus Pro moda interoperabilidad Cancelación suministro inmediato de información european union digitalización emisión electrónica openpeppol global einvoicing factura electrónica ecuador automotive industry United States and Mexico edicom sii norway VAT compliance tax administration air freight sector UNCTAD aviso de expedición Advanced Shipped Notice Despatch Advice data synchronization peppol network peppol standards peppol european union chile tendencias interoperability interconexión SINTEL Brasil interoperabilidade foreign trade e-procurement trends digitization digital transformation SaaS edicomsii MMOG/LE latam global einvociing cybersecurity EDI financeiro white paper factura electrónica colombia fintech fashion eIDAS e-archiving ebimap SME EDICOMLta e-commerce EDI financiero russia fattura b2b B2B e-Invoicing GDPR RTIR FACe FACeB2B portugal blockchain ItalyNSO business@mailPharma vat compliance ar EDIHOSP

Follow us on

  • linkedin
  • rss