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Greece VAT electronic cash registers June 2020

  • Feb 10, 2020 | Richard Asquith

Greece has confirmed that it will require all retail cash transactions to be recorded by certified VAT electronic cash registers from 6 June 2020.

Certified VAT registers report each transaction to the tax authorities in real-time, with the aim to improve the completeness of tax reporting, and reduce non-reported cash transaction. Registers will generally feed transaction data to the Greek online tax portal, Taxis, on a live basis, but may operate on a daily-batch upload basis. Receipts will include a unique QR code. Greece recently launched a VAT invoice lottery, enabling customers to win prizes based on unique VAT receipt numbers submitted.

The tax authorities will look to analyse transaction reporting, including patterns of trade and whether receipts match VAT returns. Greece plans to launch live e-invoice reporting and electronic VAT ledgers this year.

Many other European countries have introduced electronic cash registers, including: Slovakia; Sweden; Hungary; Belgium; Austria; France; Italy; and Czech Republic.

Need help with your Greek VAT compliance?

Researching Greek VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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