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. Pitsilis.
A press release is published clarifying the case that is granted an extension for interconnection in Greece.
Public
Greece
Author: Tara Nedeljkovic
Category:
Fiscal subject related
Views:
206
Content accuracy validation date:
07.08.2024
Content accuracy validation time:
08:07h
By the same decision, businesses that have proceeded with the interconnection of their cash system with payment instruments, which, however, does not fully comply with the specifications, are granted an extension until October 31, 2024, for their full compliance, provided that:
- Their payment instruments do not allow free typing of amounts, and also
- AADE has received relevant information from the Terminal Providers (NSPs).
Both of the above-mentioned needs need to be fulfilled for the extension to take place. The above decision, explaining who still has some time to comply, avoids circumventing the deadlines given for the smooth interconnection of businesses, depending on their cash systems and their operational needs, and encourages compliance with legal obligations, taking into account the huge efforts made by the vast majority of obliged businesses beforehand.
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