The Economic Chamber of Thrace has raised concerns regarding the A 1049/2025 decision mandating monthly VAT return submissions for businesses using single-entry bookkeeping. This obligation applies regardless of the business sector or annual turnover. Specifically, businesses that commenced operations between January 1, 2024, and March 31, 2025, must comply starting July 1, 2025, while those starting after April 1, 2025, are obligated from their first month. Despite the tax authorities’ digital infrastructure for monitoring transactions and progress in reducing tax evasion through electronic systems, the Chamber argues that this compulsory monthly submission increases administrative and financial burdens on businesses.
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.
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