- Introduction of Mandatory E-Invoicing: The Greek Ministry of Finance has proposed draft legislation that will require businesses to implement mandatory electronic invoicing for business-to-business transactions and exports to non-EU countries, adhering to European Norm standards.
- Options for Compliance and Incentives: Companies must ensure e-invoice integrity and authenticity by using either certified e-invoicing service providers or the tax authority’s invoicing application. Additionally, there are incentives for early adopters, allowing enhanced tax deductions for businesses that implement e-invoicing voluntarily before the mandate, with specific eligibility criteria tied to expenses incurred from the 2025 tax year.
- Future Technical Specifications and Compliance Preparation: Further administrative decisions will outline technical specifications for e-invoice exchange and integration with tax authority systems. Businesses are encouraged to prepare for early adoption to benefit from tax incentives and ensure compliance when the mandatory e-invoicing requirement takes effect.
Source Pagero
- Greece’s Ministry of Finance submitted draft legislation for mandatory B2B electronic invoicing.
- Applies to transactions within Greece and exports to non-EU countries.
- Businesses must issue structured electronic invoices meeting European Norm standards.
- Two options for e-invoice integrity: certified service providers or tax authority’s application.
- Incentives include enhanced tax deductions for early adopters.
- Ministerial Decision 1035/2020 will be updated for e-invoicing service providers.
Source: p2pnetwork.org
See also
