- Greece has implemented a real-time e-reporting and e-invoicing system requiring taxpayers to report transactions via myDATA using certified agents or government apps.
- Invoices must follow European Standard EN 16931 in XML or JSON format and are verified by AADE, which assigns a unique registration number (MARK).
- All invoices are stored electronically for monitoring and audits, eliminating manual paperwork and ensuring data accuracy.
- Large companies (revenue above €1 million) must comply from 2nd February 2024, with all other taxpayers phased in by 1st October 2024; full transition by end of March 2026.
- Early adopters (except large businesses) benefit from increased tax deductions and immediate IT equipment depreciation if they comply by 3rd August 2026.
Source: innovatetax.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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