Recently, Greece has announced the implementation of the tax reporting platform MyData and its introduction terms. However, the Greek authorities have decided to postpone the obligatory implementation and will introduce the platform as a voluntary pilot program during 2020.
Due to the complexity of adapting the companies’ systems, aggravated by the COVID-19 crisis, the obligatory stage, which was supposed to start in October 2020, has been postponed until January 1st, 2021. On this date, taxpayers will have to electronically transmit the required data to MyData platform.
For the time being, in 2020, companies can opt to send only data from the last natural quarter (October – December). On the other hand, the only companies that will have to transmit the historical data of 2020 will be those that accepted using electronic invoicing via a certified provider before July 20, 2020.
With the implementation of the MyData platform, the greek tax authority, the IAPR, is looking to contribute to the mitigation of tax evasion in the country, as well as having more control capacity and providing more transparency.
Taxpayers will have to electronically report to the platform its invoices, data from the accounting reports, data from the special tax files and data from the rent’s collection or payment.
You can find the legislation state for electronic invoicing of the European countries in Voxel’s Europe Electronic Invoicing map: