Michaela Merz

GREECE: E – Invoicing and E – Bookkeeping as from 1 of January 2020

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As previously reported, earlier this year, the tax authority (Independent Authority of Public Revenue) published a proposal to introduce mandatory e-invoicing and e-bookkeeping, as part of which a pilot implementation was due to start for a significant number of companies as of 1 January 2019. Aiming at mandatory implementation by all companies from 1 January 2020.

However, no formal documents are available yet, nor has any draft legislation been published in this respect. In addition, the filing mechanism, the format of the digital sales invoices, and the mandatory reporting information have yet to officially announced, therefore it appears likely that the pilot programme will be pushed back to later in 2019.

It should also be noted that on 29 October 2018, the Government published a Bill regarding e-invoicing for “B2G” transactions, which has also yet to be approved, although the Director of the Independent Authority of Public Revenue recently mentioned in a Tax Forum speech that the proposed electronic books already have a specific format, and that the responsible team is working at the moment on an initiative whereby e-invoices will be booked directly to the Independent Authority of Public Revenue systems by the issuer of the invoice, and at the same time the accounting books of the recipient will be updated.

 

Bildquelle: unsplash.com

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