VATLive > Blog > Greece > Greece VAT electronic cash registers June 2020

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.

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.

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 this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
VATlive newsletter

Sign up for our free newsletter stay up-to-date with the latest tax news.

VAT Voice

Sign-up to VAT Voice, Avalara’s monthly round-up about VAT and legislation updates to help you stay ahead of the curve.