A special sign that they accept payments with cards should be carried by several categories of businesses in Greece that are operating in sectors where high rates of tax evasion are recorded. Those who fail to have it will face a fine of 1,000 euros.
Certain businesses in Greece will need to display a card payment sign or risk facing new fines
Public
Greece
Author: Tara Nedeljkovic
Category:
Fiscal subject related
Views:
105
Content accuracy validation date:
24.07.2024
Content accuracy validation time:
00:00h
A provision included in an amendment submitted to Parliament by the Ministry of National Economy and Finance provides that "the Minister of National Economy and Finance is given the opportunity to identify specific activities in which tax evasion is observed by avoiding card payments, and for these to define a special type of signage, with which professionals in Greek and English will inform their customers about their ability to accept payments via EFT-POS and will also provide a phone for relevant complaints.
Those who fail to comply with this obligation will be fined 1,000 euros by the AADE or the General Secretariat for Consumers.
The list of professional categories is yet to be determined by the Minister of National Economy. The special sign for accepting such payments will also indicate a phone number on which citizens can report those who neglect to comply.
With the adoption of this provision, a relevant ministerial decision will be issued with the categories of professionals who should have the special label. According to preliminary information, the list will include taxis, street market vendors, some tourist businesses, etc. This list will be updated depending on the findings on the market and with the official list soon.
In addition, the provision enables AADE to proceed with audits for the compliance of businesses, especially in view of the intensification of checks on businesses on whether they provide the possibility of paying with POS and whether payment machines are interconnected with cash registers. Those who will be set to comply but choose not to do so could face an administrative fine of €1,000.
Other news from Greece
Is the interconnection obligation in Greece a requirement for restaurant fiscal devices?
Greece
Author: Tara Nedeljkovic
Based on the actual regulations, specific requirements for Restaurant Fiscal Devices, also known as Restaurant FI-MAS, Restaurant FTM, or ADIME Restaurant in Greece, entail the following main requirements... Read more
Greek taxis are required to display card payment acceptance stickers.
Public
Greece
Author: Tara Nedeljkovic
Greece
Author: Tara Nedeljkovic
The obligation of Taxis to post a special sign, with which customers are informed of the obligation to accept card payments and its form, is determined by a decision of the Deputy Minister of National Economy and Finance, following the proposal of the Governor of the Independent Public Revenue Authority, G. Pitsilis. According to the decision, it is a special sticker that is placed on the glass of... Read more
EU to protect domestic e-commerce sellers with a cross-border tax reform
Public
Author: Stefan Ditrih
As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more
A press release is published clarifying the case that is granted an extension for interconnection in Greece.
Public
Greece
Author: Tara Nedeljkovic
Greece
Author: Tara Nedeljkovic
A press release was published by the Greek Tax Authority (AADE) regarding further clarifications on interconnection requirements. The principle of "once interconnected, always interconnected" is strictly observed by businesses that replace their already interconnected systems, by the provisions of the A. 1116/2024 decision of the Governor of the Independent Authority of Public Revenue, Mr. Pitsil... Read more
EU VAT Validation Tool
Public
Author: Kristina Dosen
One way to validate VAT numbers in the EU is the VAT Information Exchange System (VIES), which is a crucial tool for businesses operating within the European Union. Owned by the European Commission, VIES is a search engine that retrieves data from national VAT databases to verify VAT numbers. Here’s a detailed look at how VIES works and its significance. How VIES Works When a search is made usi... Read more
Further details on the obligation to display a sign indicating support for card payments in Greece
Public
Greece
Author: Tara Nedeljkovic
Greece
Author: Tara Nedeljkovic
New details have emerged regarding the requirement for businesses in Greece to display signs indicating they accept POS card payments. Taxis, vendors in markets, tourism businesses, and other specified industries must display a sign that includes a phone number for customer complaints. This initiative, inspired by EU Directive 2019/1151, aims to combat tax evasion. Businesses failing to comply w... Read more