Last June 22, the Greek Tax Authority, the IAPR, announced the implementation framework for the tax reporting platform MyData; and presented the methodology and transmission procedures, as well as the future implementation terms.
With the launch of the platform, the IAPR wants to have more control capacity and provide more transparency, as well as to contribute to the mitigation of tax evasion in the country.
Thereby, businesses’ revenue and expenses will automatically be updated in the platform and the tax files will be available to compare with the electronic book with MyData.
Which data must be reported?
All taxpayers must report the following data on the platform:
- Invoices and selling receipts for retail sales
- Data from the accounting reports
- Data from the special tax files and data from the rent’s collection or payment
How the data is transmitted?
There are various ways of transmitting the required data to the MyData platform:
- Web portal provided by MyData: small companies can use the portal to transmit the data to the Tax Authority manually.
- Online Registration cashiers: companies selling B2C will have to report the receipts to MyData daily.
- Direct Integration with MyData (ERP or software): to send other compulsory forms periodically.
- Service providers connected to a MyData agent: if direct integration is not possible, companies will be able to use an accredited service provider to issue electronic invoices in real-time.
Which is the implementation period?
Due to the coronavirus crisis, the IAPR decided to introduce the MyData platform gradually. This way, companies have more time to adapt their systems to the new measures.
Thereby, next October 1, 2020, all taxpayers using the ERP form are obliged to send the data to the platform.
In regards to the selling invoices issued between January 1, 2020, and October 1, 2020, taxpayers will have until December 31, 2020.
On the other hand, purchase invoices issued between January 1, 2020, and September 30, 2020, the implementation term is extended until February 28, 2021.
If you want to be updated about the legislation in electronic invoicing, take a look at the “Panorama of the electronic invoice in Europe” map: