On December 31st, 2022, Greek authorities published in their Official Gazette an update of the Fiscal Device—EFT Terminal Interface Communication Protocol that was first published in July 2022. The final version of the newly amended regulation, A.1190/2022, is published as follows:
- Amendment of the Governor's Decision A.1098/13-7-2022, "Definition of Technical Specifications (Communication Protocol) and Other Functions for the Interface between Tax Electronic Mechanisms and EFT/POS terminals."
Greece: the updated technical specifications for interconnection of the electronic tax mechanisms and EFT have been published
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
752
Content accuracy validation date:
17.01.2023
Content accuracy validation time:
09:14h
With this second decision of the commander of AADE, taking into account the observations resulting from the relevant consultation and the implementation tests by the manufacturers, the interface specifications between the electronic tax mechanism (fiscal device) and EFT/POS payment card acceptance terminals are updated and are valid from January 1, 2023.
The main points of the update are the improvement of the encryption in the communication between the two devices and how to handle any possible failures in either the electronic tax mechanism or the connection infrastructure of the two devices.
The interconnection of the fiscal device with EFT (the card payment system) aims to facilitate transactions with payment cards while simultaneously securing public revenues from the issuance of retail receipts through electronic tax mechanism devices.
AADE remains in constant cooperation with the agencies, so that these interconnection specifications are implemented as soon as possible and that the businesses connect the electronic tax mechanism with the EFT they have in a timely manner, in accordance with the relevant schedules of the Greek Recovery and Resilience Fund.
Other news from Greece
Greece postpones the e-Delivery system by announcing new deadlines.
Greece
Author: Tara Nedeljković
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
Greece
Author: Tara Nedeljković
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
Public
All countries
Author: Kristina Dosen
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
A proposal for VAT in the digital age (ViDA) has been approved.
Public
Author: Nikolina Basić
The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud. ViDA introduces key measures like Digital Reporting Requirements (DRR), VAT collection for the platform economy, and expanded Single VAT Registration, with implementation planned from 2027 to 2035. Businesses must prepare... Read more
Electronic payments increase in Greece due to taxation projects in the past year
Greece
Author: Tara Nedeljković
In Greece, electronic payments surged in the past year due to initiatives like the interconnection of POS systems with cash registers to combat tax evasion, resulting in a 10.3% increase in VAT revenues in the first half of the year. Let's find out more on the observed increases! Read more
Further clarifications on tip taxation in Greece
Public
Greece
Author: Tara Nedeljković
Greece
Author: Tara Nedeljković
Starting November 1, Greece will make tips up to 300 euros per month tax-free for catering and personal care workers, with any amount above this threshold subject to tax. Tips paid electronically will be automatically reported by employers as additional income, exempt from insurance contributions, and taxed if they exceed the monthly limit. Recent clarifications on tip taxation in Greece have been... Read more
Greek authorities announce clarification on taxation of tips effective November 1st.
Greece
Author: Tara Nedeljković
Following the Greek Supreme Court decision, the Greek Ministry of National Economy and Finance has announced a significant change in the taxation of tips, effective from November 1, 2024. Here is what is about to come soon! Read more