AADE – myDATA: New Version v1.0.7 Simplifies and Expands Expense Characterization

• The Independent Authority for Public Revenue (AADE) has released version 1.0.7 of myDATA for the characterization of expenses.
• The new version simplifies and expands the process of expense characterization.
• The update aims to facilitate businesses and save time and cost in expense management.
• The new version allows for expense characterization without limitations on the number of lines in the document.
• It also includes the ability to characterize expenses for other taxes, stamps, and fees.
• Partial VAT deduction is now possible for general expenses without VAT deduction rights.
• The recipient can characterize expenses with VAT in cases where the issuer has declared an exception.
• The update also introduces new features such as encoded text for creating QR codes and special markings for complex transactions.
• The improvements are a result of productive discussions with market stakeholders.

Source: taxheaven.gr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---