Greece VAT Live Reporting

Greece is likely to introduce live invoice reporting and e-invoices in January 2020. This will include daily reporting of B2B and B2C invoices through the tax authority’s TAXISnet portal.

E-invoices for B2G transactions have already been mandated for mid-2019. In other states, this is the pre-cursor to full live reporting and e-invoices to B2B and B2C submissions.

Real-time VAT invoice reporting

Much of the legislation and guidance is yet to be produced. But key elements so far include:

  • Daily invoice reporting by vendors to TAXISnet clearing portal
  • B2B e-invoices to be produced in accordance with the EU e-invoice directive
  • In-house e-invoice compilation requires compliance with the directive rules on integrity of data and digital signatures
  • Vendors may alternatively use third-party e-invoice outsourcing companies
  • Invoices may be reviewed, completed and retrieved by customers of the vendors
  • B2C transaction reporting through approved electronic cash registers (point-of-sale)

Latest Greek news

Greece primes for VAT e-invoice 2020

August 05, 2019

The Greek Finance Ministry is to launch a pilot of its proposed e-invoice regime in the second quarter of 2019. The plan is to require real-time invoice clearing by VAT registered businesses for B2B and potentially B2C invoices from 1 January 2019. In addition, all taxpayers will be required to keep their accounting records digitally.

EU VAT and tax veto review

January 25, 2019

The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states. 

EU implements VAT generalised reverse charge

January 09, 2019

The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.