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Greece myDATA e-invoice and e-books July 2021

Greece is expected to go ahead with the severally delayed introduction of electronic transaction-based reporting regime, myDATA (my Digital Accounting & Tax Application), from 1 July 2021. This includes quarterly reporting of electronic invoices and accounting books via the state myDATA reporting platform. In this sense, it is similar to the international Standard Audit File for Tax (SAF-T) reporting regime proposed by the OECD.

myDATA is operated by the Independent Authority for Public Revenue (IAPR). myDATA records the following information:

  • Summary sales and purchase invoices
  • VAT transaction ledgers covering payroll, capital depreciation, stocks

This will be held in two recording ledgers:

  1. Detailed Book: sales and purchase invoice information
  2. Summary Book: summary accounting and tax data précising the Detailed Book and organised by period.

This data can generally be extracted from a taxpayer’s accounting or ERP system. This will need conversation to the IAPR standard. Our VAT Filer can accurately populate any country VAT return, including the new Greek myDATA system with verified data from our VAT Calculator or VAT Auditor services. It is also possible to use third-party e-invoice agents, manual uploads to myDATA. Cash registers also need to be directly linked via the internet to myDATA.

myDATA system will automatically calculate the expected payable (or credit) VAT. Submitted VAT returns will be checked against the results provided by the myDATA system. The obligation to submit the supplier-customer domestic recapitulative statements is expected to be abolished.

Reporting requirements to myDATA

The reporting obligations for the above data is as follows:

  • Sales invoices must be reported live.
  • Purchase invoices should only be reported by the supplier. For invoices received from non-resident Greek taxpayers, the customer must report the transaction before the end of the VAT period reporting deadline. This is generally the end of the second month following the reporting period end.
  • The above data must be submitted in full to the myDATA platform each quarter – the first return being due by 31 October 2021 covering Q2 2021. This follows the same reporting cycle as the Greek VAT return.

Europe e-invoicing and live reporting

Country Date Comments (click for details)
EU e-invoice proposals 2025 Proposal for live transaction reporting
Albania Jan 2021 Authorised e-invoice software and pre-clearance
Belgium 2024-25 Phased introduction of B2B e-invoices
Bulgaria 2023 Public consultation on pre-clearance model e-invoice
Denmark 2024 Digital record keeping obligations
Finland Apr 2020 Customer option to require B2B e-invoices
France Jul 2024 E-invoicing and e-reporting for B2B and B2C
Germany 2024 (?) New government e-invoice 'as soon as possible' to fight fraud
Greece Oct 2021 E-invoice and E-books
Hungary Jul 2018 RTIR live invoice reporting. No govt pre-clearance required
Italy Jan 2019 Pre-clearance SdI e-invoicing
Ireland TBC Public consultation underway
Latvia Jan 2025 B2B e-invoices based on PEPPOL
Lithuania ? E-invoicing platform being scoped
Poland Jan 2024 Polish mandated e-invoicing
Portugal Jul 2021 Certified invoicing software for non-residents
Jan 2023 ATCUD coded invoices for non-residents
Romania Jul 2022 RO e-invoicing implementation
Russia TBC Extension of Traceability Model to B2B on hold
Serbia Jan 2023 B2B e-invoicing implementation
Slovakia 2024 B2B and B2C e-invoice rollout
Slovenia 2023 ? e-SLOG B2B proposal stalled
Spain 1 Jul 2017 SII live invoice and book reporting
Spain 2 2024 Pre-clearance B2B e-invoices; supplement to SII
Sweden 2024? PEPPOL based mandatory e-invoicing
Turkey Jan 2014 e-invoice e-Fatura and e-Arşiv
UK Apr 2022 MTD for VAT extended to 1.1million taxpayers

 

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