Fiscal subject related
Specifically, the goal is to make the use of the mentioned devices mandatory by all business sectors, which means that next year the following should also have such POS machines:
- Theatres
- Cinemas
- Kiosks and many other business sectors which are currently excluded.
It is worth noting that under the current regime, more than 110 professional activities are included in the relevant list of obligated persons. At the same time, the cash registers will be connected to the EFT-POS so that the retail receipt is issued at the same time as the EFT receipt/slip, as many businesses in credit or debit card transactions do not issue the retail receipt, avoiding their obligations. With the connection, the tax office will know when the receipt was issued and will know the method of payment (whether was it paid by card or not).
As competent executives point out, the full operation of MyData and the interconnection of cash registers with taxis now pave the way for the expansion of such systems in all sectors of the economy. The obligation of interconnection is due in January 2023 and concerns businesses that issue accounting data through electronic tax mechanisms and at the same time have the obligation to use EFT-POS.
Other news from Greece
AADE Launches myDATAapp in Greece
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Greece’s Independent Authority for Public Revenue (AADE) has launched myDATAapp, a new mobile application designed to help businesses issue documents and manage financial data easily from their smartphones. The app allows for on-the-go document creation, customer management, detailed financial reporting, and enhanced security features like biometric authentication. Read more
Extension of certain compliance deadlines in Greece concerning interconnection obligation
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Greece’s Independent Authority for Public Revenue (AADE) has extended compliance deadlines for the mandatory interconnection of payment terminals with cash register systems. Entities that have already implemented interconnections but do not fully comply with technical protocols now have until February 28, 2025, to complete the required upgrades. Read more
Greece plans to implement mandatory B2B e-invoicing upon the European Commission's response.
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Greece plans to implement mandatory B2B e-invoicing following the European Commission's response. The measure, which will impact all taxable persons established in Greece, will be implemented gradually from July 2025, depending on business turnover. The new measure will feed data directly into Greece's myDATA platform, enhancing real-time data quality and aiding in VAT fraud detection. Read more
AADE Updates myDATA Platform in Greece
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The Greek tax authority AADE has updated the myDATA platform to version 1.0.10, adding features like delivery note transmission via ERP systems and direct submission of fuel invoices. The update also simplifies wholesale transaction rules and enhances access to E3 tax form records, streamlining compliance for businesses in Greece. The Greek Independent Authority for Public Revenue (AADE) has offic... Read more
Greece postpones the e-Delivery system by announcing new deadlines.
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Greece's tax authority, IAPR, has postponed the implementation of the e-Delivery system to provide businesses more time to adapt. Companies with a turnover exceeding €200,000 in 2022 now face a revised start date of April 1, 2025, for Phase One, while Phase Two will begin on October 1, 2025, for all other businesses. Read more
IRIS payment system in Greece - status and expansion of mandate
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Greece is advancing the IRIS instant payment system, mandating its adoption for all businesses by April 2025, with freelancers already required to use it for transactions up to €500 without commission. The initiative aligns with EU Regulation 2024/886, which mandates instant payments across Europe by October 2025, aiming to lower transaction costs and improve payment efficiency. Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more