New Penalties for Failing to Transmit Data to Greek myDATA Platform in Proposed Tax Bill

• New penalties for failing to transmit data to the Greek myDATA platform are proposed in the tax bill
• Penalties include fines of up to 100,000 euros and publication of offenders’ names
• Accountants and professionals criticize the myDATA platform and its harsh penalties
• Penalties are imposed for failing to transmit or transmitting late data on income and expenditure
• Different fines are imposed for different types of violations
• Fines can range from 10% of the net value of each non-transmitted item to 5% of the net value for deviations in transmitted values
• Fines are also imposed for failing to transmit digital movement documents, receipts, returns, or order documents
• Late transmission of data incurs a fine equal to 50% of the corresponding fine for non-transmission
• Repeat infringements within 5 years result in doubled or quadrupled fines, up to a limit of 100,000 euros per tax year.

Source: fiscal-requirements.com

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.

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