- Greece’s myDATA platform requires businesses to electronically transmit financial documents to the tax authority, directly impacting VAT deductibility.
- Failure to transmit documents disallows input VAT recovery, and special document codes used as workarounds trigger audit scrutiny.
- Auditors cross-check VAT claims against transmitted data, with sector-specific checks (e.g., car rentals) and monitoring of intra-Community and import transactions.
- Self-invoicing is supported by specific document types, and fines for non-transmission are set at 10% of the net value per document, capped at €250 per day (not yet enforced).
- Full compliance is mandatory from 2022 onward, with previous years treated as transitional and exempt from reconciliation penalties.
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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