Greece’s VAT reform is set to become mandatory for all businesses in November 2021. The reform aims to give the government better visibility on financial data, increase efficiency and prevent fraud.
Starting 1 November 2021, taxpayers must report income data within the myDATA system, and provide historical data by 31 March 2022.
Sovos’ e-reporting solutions provide a summary of income and expense documents, classifications of recorded transactions and regular corrective accounting entries, making compliance with Greece’s new mandates simple.
Latest Posts in "Greece"
- Greece Introduces Mandatory B2B E-Invoicing Framework, Phased Implementation in 2026
- Initial Questioning Concludes in Major VAT Fraud Case Involving 17 Arrests and €20 Million Scam
- Discussion on VAT Fraud Scheme and the Role of Accountants in Public Sector Scandal
- EU Faces €50 Billion Annual Loss to VAT and Customs Fraud, Warns Public Prosecutor
- Procedural Fines Under Tax Procedure Code: Types and Content for Late Declarations
