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E-billing compliance Greece

Note: For the most current status, consult the European Commission website .

The publication of Law 5073/2023 "Measures to combat tax evasion" by the Greek Ministry of Finance on Dec. 11, 2023 introduces important provisions aimed at strengthening tax compliance within the country.

Law 5073/2023 "Measures to combat tax evasion" includes:

• Guidelines related to electronic billing;
• Additional guidelines regarding the requirement for electronic data transmission; and
• Provisions relating to fines and other penalties applicable for failure to comply with this requirement.

The Act also outlines the following guidelines for electronic data transmission:

• Electronic submission of data from an organization to the myDATA platform regarding:
  • Tax documents issued (regardless of issuance method)
  • Accounting books and files,
  • Relevant tax data from electronic cash registers and tax records, and
  • Files and data created by these electronic cash registers.
• The value of taxable transactions and income of an entity, as assessed by the tax administration for the purposes of determining the entity's VAT and income tax status, may not be less than that derived from the tax documents sent to the myDATA platform.
• Deductions of taxes and expenses in determining income will not be considered unless the data on the basis of which the deduction is claimed has been sent electronically to the myDATA platform.
• Deadlines, transaction reports, technical specifications, exemptions and allowable discrepancy limits, which may not exceed 30%, are defined through Ministerial Decrees issued for this purpose.