New Digital Process for Business Closure in Greece: Ensuring Compliance and Transparency

• Greece has amended regulations for business cessation procedures.
• All business closure requests must be submitted via a new digital application by the Greek Tax Authority.
• The amendment ensures transparency and completion of business and tax obligations before cessation.
• The regulation applies to the cessation of entire business activities, not just individual stores.
• Verification is required to ensure fiscal devices are non-operational at closure.
• The digital system checks for active Tax Electronic Mechanisms and flags issues for investigation.
• Retailers must deactivate fiscal devices and remove them from tax records before closure.
• Active fiscal devices on the closure date prevent immediate acceptance of the request.
• Businesses must confirm closure of payment systems, including bank accounts and POS agreements.
• The system cross-checks to prevent unauthorized activity post-closure.
• The procedure aims to prevent tax evasion and unauthorized use of fiscal devices.
• Automated checks and synchronization with the AADE’s myDATA platform enhance compliance control.

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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