The Greek tax administration (AADE) intends to launch sweeping audits of businesses based on the average turnover per sector and what self-employed professionals and businesses have declared on the myDATA electronic platform.
According to information, AADE now has in its hands qualitative data from those declared on the electronic platform and, at the same time, average figures per sector. Based on these data, companies that have a significant distance from the average, either above or below, will qualify for inspection.
How will the Greek tax administration use online data to audit businesses?
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
445
Content accuracy validation date:
10.01.2024
Content accuracy validation time:
10:25h
An important element that can now be exported with the push of a button is collaboration between businesses. At any time, the auditor knows all the cooperating companies, and in this way, if there are suspicions of tax evasion or even cartel practices, the audit launches automatically.
In essence, the control part has become automatic, and most of the information is derived from the data generated by the online platforms.
The notification on the new tax audit system that the Greek tax administration (AADE) plans to implement was published on December 30, 2023.
The new system will use the data that businesses and self-employed professionals have reported on the myDATA electronic platform, which is a tool that allows them to submit their invoices and other tax-related documents online. The system will also use the average turnover per sector, which is the average amount of money that businesses in the same industry make in a given period.
It will compare the data reported by each business with the average turnover per sector and identify those that have a significant difference, either higher or lower. Those businesses will be selected for inspection by the tax auditors, who will check their compliance with the tax laws and regulations.
The system will also monitor the collaborations between businesses, which are the transactions and agreements that they have with each other. This novelty will make the tax audit process more efficient, accurate, and transparent, as it will use the data generated by the online platforms and lower the need for manual intervention. However, it also means that different businesses, including those in the retail sector, in Greece will have to be more careful and diligent in reporting their data and following tax regulations.
Other news from Greece
Greece introduces an enriched Code of Conduct concerning communicating prices on offers and discounts.
Greece
Author: Tara Nedeljković
Greece is introducing a stricter Code of Conduct to prevent misleading sales promotions and ensure price transparency for consumers. Under the new rules, discounts must be based on the lowest price in the past 30 days, and multi-pack offers must display individual product prices for direct comparison. Read more
Greece Introduces Deposit Return System for Particular Beverage Packaging with a New Decision
Greece
Author: Tara Nedeljković
Greece has introduced a Deposit Return System (DRS) for plastic and metal beverage packaging to promote recycling and reduce waste, in line with EU Directive 2019/904. Consumers will pay a deposit fee of €0.10–€0.15 per container, which is refundable upon returning the empty packaging to designated collection points. Read more
Slovenia: EU Targets Unsafe E-Commerce Imports with New Measures
Public
Author: Ivana Picajkić
The European Commission is tightening regulations on e-commerce imports to address the surge of unsafe and counterfeit goods, particularly from China, by reforming customs rules and increasing product safety checks. Key measures include removing the duty exemption for low-value parcels, introducing a potential customs fee, establishing priority control areas, and launching an EU-wide product safet... Read more
AADE Launches myDATAapp in Greece
Greece
Author: Tara Nedeljković
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
Greece
Author: Tara Nedeljković
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.
Greece
Author: Tara Nedeljković
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
Public
Greece
Author: Nikolina Basić
Greece
Author: Nikolina Basić
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