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

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

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

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

The Independent Public Revenue Authority (IAPR) as the Greek Tax Authority proceeded to send over 50 thousand reminder e-mails to professionals and businesses that have not yet completed the interconnection of their cash systems with the EFT-POS they have. In the Press Release, the obligated subjects are informed that: The deadline for the link expires on September 30. The fine for not linking... Read more

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