One of Greece’s primary methods of combating tax evasion is electronic invoicing, which is proposed to be mandated in the upcoming year, most likely in the second half of 2024. However, there is still no confirmed date for the introduction of e-invoicing for the B2B sector. The Prime Minister of Greece held a press conference addressing issues such as tax evasion and upcoming measures to combat it, and he announced a proposal for various tax measures.
How e-invoicing will change the tax landscape in Greece by 2024 and further
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Greece
Author: Kristina Dosen
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Fiscal subject related
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1602
Content accuracy validation date:
11.10.2023
Content accuracy validation time:
08:06h
This proposal consists of different measures, including the upcoming e-invoicing mandate in Greece. Electronic invoices will become mandatory in 2024 for certain entities by the end of this year (like B2G). This reform will enable tax authorities to cross-check transactions in real-time.
At the press conference, the Ministry and the Greek tax authority, AADE, stated that a dialogue got started with the European Commission to discuss the conditions required for Greece to implement a nationwide e-invoicing mandate.
Some of the key points that were communicated were that the e-invoicing mandate will involve a phased roll-out based on turnover, accredited e-invoicing service providers based on the existing framework will be involved in the process, and the current e-invoicing tool, “Timologio”, provided for free on the myDATA platform, might be expanded as a centralized method of issuing invoices, which is still not confirmed.
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