Fiscal subject related
Other news from Greece
Greece postpones the e-Delivery system by announcing new deadlines.
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 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
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.
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
Further clarifications on tip taxation in Greece
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.
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