As the adoption of mandatory e-invoicing in Greece gets closer, the government has specified which e-invoicing format should be used by businesses in order to fulfil the mandates. Government agencies have also been working towards creating an accreditation commission for service providers, including specifications for qualification.
The Greek Gazette, the official journal of the Government of Greece, has published a circular on business-to-business (B2B) e-invoicing regarding the format of e-invoices exchanged between entities. Businesses are encouraged and likely to work with service providers for assistance in fulfilling format requirements and further technical details in order to remain compliant with mandatory e-invoicing regulations in Greece. Consequently, the Greek Gazette also released prerequisites that data service providers must meet in order to provide e-invoicing services to local companies.
Greece has long been hampered by tax fraud, and inadequate tax collection systems continue to cost the country billions of euros in tax revenue. This may change in 2020, however, with the expected introduction of two mandates being put in place to require e-invoicing in Greece. The mandates, among other objectives, aim to put an end to false, incorrect and incomplete invoices.
Source Pagero
