- Introduction of Pre-filled VAT Returns: Since 2022, Greece’s Independent Authority for Public Revenue (AADE) has been utilizing the myDATA system to pre-fill VAT returns, streamlining the reporting process for businesses.
- Elimination of Deviation Limits: The permissible deviation limits between VAT return data and myDATA-reported values have been phased out, effective January 1, 2025. This means businesses must ensure that their reported figures match those submitted to myDATA without any discrepancies.
- Anticipated Changes for Form E3: It is expected that deviation limits for Form E3 will also be gradually reduced, similar to the changes in VAT returns, emphasizing the need for accurate and timely data transmission to myDATA to maintain compliance and avoid issues.
Source: sovos.com
Click on the logo to visit the website
Latest Posts in "Greece"
- 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
- Notification of Legal Opinion 18/2025 on VAT Treatment for Commonwealth War Graves Commission Expenses
