- Mandatory B2G and Upcoming B2B E-Invoicing: Greece has implemented mandatory e-invoicing for business-to-government (B2G) transactions and is preparing to introduce a mandatory business-to-business (B2B) e-invoicing system, with the European Commission proposing to grant the necessary authorization for this initiative.
- Integration with myDATA System: The mandatory B2B e-invoicing will enhance Greece’s existing myDATA e-accounting system, which requires real-time transmission of transactional data to tax authorities, improving data quality and facilitating pre-filling of VAT returns.
- Compliance and Future Provisions: The proposed e-invoicing system will adhere to the European standard for interoperability, with taxpayers required to report only essential tax-related information to myDATA. The European Commission plans to authorize this system from July 1, 2025, until June 30, 2026, pending the official adoption of the VAT in the Digital Age (ViDA) proposal.
Source Sovos
Click on the logo to visit the website
Latest Posts in "Greece"
- Greece Reduces VAT for Islands, Extends Real Estate Relief, and Abolishes TV Subscription Levy
- New “Timologio” App Version: Full Digital Transport Integration and VAT Code Compliance
- New Timologio App Version: Full Digital Transport Integration and VAT Code Compliance Announced
- VAT Refund Process for Commonwealth War Graves Commission Purchases in Greece, 2025
- myDATA: New API for Digital Delivery Note (Phase B) Now Available in Test Environment
