Greece delays myDATA e-invoices e-books to 1 Apr 2021
- Jan 3, 2021 | Richard Asquith
Greece has announced that the mandatory introduction of e-invoices and e-books has been delayed from 1 January 2020 to 1 April 2021. This is due to the economic disruption caused by the COVID-19 pandemic – although the myDATA portal is still undergoing development work. The first quarterly submissions will therefore be due by 31 October 2021.
The roll out of transaction-based reporting in Greece has already been delayed from October 2020.
The introduction of transactional-level reporting is now mandatory – so companies prepared for the 1 January deadline may still proceed now with the submission of Q4 invoices. Businesses that have registered with third-party e-invoice providers must still start submitting now.
However, it only becomes compulsory from 1 April 2021. The decision was taken by the Ministry of Finance and Greek tax office, AADE.
Records to be held digitally include two sets of data
- e-Invoices: Sales VAT invoices (domestic B2B transactions). Plus records of Purchase e-invoice that have been received. Invoices details must include accounting code details - unlike regular e-invoices.
- e-Books: accounting General Ledger transactions; Cash ledger Payroll; and Fixed asset transactions, include depreciation provisions. B2C and cross-border transactions, not included in e-invoice data, will be added to the e-books.
The above digital records will be transmitted automatically to the AADE, via the myDATA portal. The filing deadline is set to be the 20th day of the following month.
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