- Greece has implemented a new e-invoicing system aimed at modernizing its tax system and combating VAT fraud.
- The system is a hybrid model, combining elements of B2G and B2B electronic invoicing.
- Companies must send a summary of their invoice data to the tax authorities via the MyDATA platform, using either XML or PDF/A formats.
- Obligations include transmitting data within specific time limits, keeping copies of invoices for 10 years, and being able to present invoices when requested.
- Deadlines for compliance vary depending on the type of transaction.
- To prepare, companies should adapt their information systems, connect to the MyDATA platform, ensure data quality, and keep copies of invoices.
- Solutions such as eBIN Cloud can help simplify and automate the process.
Source eBusiness eXpert
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