Beneficial provision on e-invoices

Source TEVEA (on linkedin)

The article 48 of Bill 4701/2020 intrduced beneficial provisions in order to encourage companies using the elentronic invoicing :
1. the limitation period for the tax office to issue an act of administrative, estimated or corrective tax assessment is reduced to 2 years (instead of 5 years);
2. the costs linked to the implementation of e- invoicing is fully amortized in the year of its realization (increased to 100%);
3. the costs linked to the production, transmission and archiving of e-invoicing for the first year of utilisation is fully deductible (increased to 100%); and
4. the deadline for tax refunds to companies is reduced from 90 to 45 days.

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