The Ministry of National Economy and Finance states in an absolute way that no new extension will be given and the interconnection of cash registers with POS, which is one of the challenges of 2024 for the financial staff, will be completed within the first months of the year.
The current timetable foresees that the interconnection procedures should be completed by February 29, 2024, and by March 1, 2024, cash registers and POS should be "functioning as one." To avoid delays, a Special Working Group has been set up to monitor the implementation of the project "Interconnection of Electronic Cash Registers with POS Systems and with A.A.D.E.".
There are no plans for further extensions for EFT-POS and cash register interconnection in Greece.
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
567
Content accuracy validation date:
16.01.2024
Content accuracy validation time:
08:16h
It is noted that almost all categories of professional sectors in the retail market must now accept card payments, while all freelancers will have to have a business account and accept direct payments through the IRIS system.
In addition, the mandatory use of POS-EFTs was extended to 35 professional sectors, from street markets and fairs to kiosks, taxis, convenience stores, insurance and advertising companies, theaters, and cinemas.
What is new is that although the measure applies from January 1, professionals who still do not have a POS can avoid fines until March 1st, 2024, provided that they have demonstrably ordered their card payment terminal by January 31, 2024, and are waiting for its setup and installation by the partner banks. If this deadline passes, then the prescribed fines can reach up to €1,500 and do not exclude the possibility of being charged with regular fines outside of this project.
Other news from Greece
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
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
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