- Gradual reduction and complete elimination of allowable variance limits when submitting VAT declarations by 01.01.2025
- The Ministry of Finance and the Independent Authority for Public Revenue are moving towards this goal to facilitate businesses in fulfilling their tax obligations
- New allowable variance limits for VAT declarations have been set for different tax periods
- The automation and digitization of tax processes through myDATA provide benefits for businesses and the state
- The digital reform aims to reduce tax evasion, enhance tax justice, and ensure fair competition among businesses
- Measures are being taken to limit virtual transactions and facilitate the submission of declarations using data stored in the myDATA platform.
Source: minfin.gov.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.
Latest Posts in "Greece"
- Greek Islands to See 30% VAT Cut, ENFIA Waived for Small Settlements
- Government Announces Significant VAT Reduction for Border Islands Starting January 2026
- MP Manos Konsolas Urges Reduced VAT Rates for Rhodes to Boost Local Economy
- Support for Remote Islands with VAT and ENFIA Reduction Announced by Greek Economy Ministry
- VAT and ENFIA Reduction Announced for Remote Islands to Support Local Economies
