5 Major Developments in Greece

5 Major Developments in Greece

• Greece Enacts Extension of VAT Incentives Through 2023 for Companies Opting for E-Invoicing
• Greece to Lacare Tax Evaders via their Social Media Posts
• Parliament considers Bill to Boost Economy through Tax Measures
• Amendment to the multi-bill on VAT and ENFIA
• VAT return for farmers of the special status of Article 41 of the VAT Code

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Bookkeeping

• AKIOE – myDATA: Extensions and feasibility of AADE

• myDATA – The new transaction transmission times for the years 2023 – 2024

• Improvements to data transmission in myDATA

• myDATA: Transmission of insurance contributions and company exit classification by accountant-tax technician

• FAQ (Updated) MyDATA REST API Registration – Authorizations

Coronavirus

• COVID-19 vaccines and diagnostic medical devices subject to super-reduced VAT rate

• VAT exemption for Covid testing kits ends, AADE confirms

• VAT from 1.1.2023 on rapid, PCR and other diagnostics

• New law 5034/2023 with regulations for zero VAT on coronavirus vaccines, clawback etc.

• Zero VAT on coronavirus vaccines

Deduction (Input Tax Credit)

• Bill – VAT: The obligation to disclose discounts due to turnover is abolished. For investment goods (property), the restriction on the use of the property ceases for a period of at least 9 years

E-Commerce / Electronic Services

• Tracking tax evaders with a click

ECJ (European Court of Justice)

• Flashback on ECJ Cases Joined Cases C-181/04, 182/04, 183/04(Elmeka) – Loading and unloading of seagoing vessels by a subcontractor is exempt from VAT

E-Invoicing

• Greece myDATA e-book and e-invoices update

• AADE: Final letter for sending receipts to myDATA; lockouts and fines are coming otherwise

• Greece Enacts Extension of VAT Incentives Through 2023 for Companies Opting for E-Invoicing

Excise

• Customs Flash: new administrative guidelines on the intra-EU movement of excise goods

Exemption

• Bill: Simplifying the process of tax selection for VAT by real estate lessors

• Flashback on ECJ Cases Joined Cases C-181/04, 182/04, 183/04(Elmeka) – Loading and unloading of seagoing vessels by a subcontractor is exempt from VAT

• New procedure for granting exemption from VAT for events by persons for their financial support

• Amendment to the multi-bill on VAT and ENFIA

Fiscalization

• AADE: specific cases when there is an option to issue manual receipts in Greece

• Greece: the updated technical specifications for interconnection of the electronic tax mechanisms and EFT have been published

• Greece published a decision with an addition to the myDATA deadlines for retailers

Fraud / Tax Evasion

• Tracking tax evaders with a click

• Greece to Lacare Tax Evaders via their Social Media Posts

Importation

• Certification and collection of VAT for importation of leased aircraft

Intra-Community Transactions

• Certification and collection of VAT for importation of leased aircraft

• Call-off stock: How to prove the Community character of the goods traded

Intrastat

• Circular about thresholds for submitting an Intrastat declaration

• Greece 2023 Intrastat Thresholds

• 2023 Intrastat thresholds

Rate

• COVID-19 vaccines and diagnostic medical devices subject to super-reduced VAT rate
• VAT exemption for Covid testing kits ends, AADE confirms
• VAT from 1.1.2023 on rapid, PCR and other diagnostics

• Greek government published a draft of the budget bill for 2023 that extends the reduction in VAT rates

• New legislation extends several taxpayer-favorable rules

• Greece extends VAT rate reduction on key supplies

• Government submits Draft for Budget Bill 2023

• Law 5000/2022 covers VAT suspension regime for real estate and extension (super) reduced rates

• Parliament considers Bill to Boost Economy through Tax Measures

• New law 5034/2023 with regulations for zero VAT on coronavirus vaccines, clawback etc.

• Reduced and super-reduced VAT rate is extended until 31.12.2023

• Extends its Temporarily Reduced VAT Rates Once Again

• Zero VAT on coronavirus vaccines

• Greece extends temporarily reduced rates in 2023

• Greece Extending Reduced VAT Rate passenger transport, coffee and non-alcoholic beverages, cinema, tourist packages, gyms, etc.

• Greece extends again temporary 13% reduced VAT till 31 Dec 2023

• Reduced VAT in real estate related transactions

• Extension of reduced VAT rates until the end of 2023

Real Estate/Immovable Property

• Bill: Simplifying the process of tax selection for VAT by real estate lessors
• New legislation extends several taxpayer-favorable rules
• myDATA – The new transaction transmission times for the years 2023 – 2024
• Law 5000/2022 covers VAT suspension regime for real estate and extension (super) reduced rates

• VAT rules amended: VAT on leasing arrangements, …..

• Greece Proposes Amendments to VAT Procedures for Commercial Lease, Volume Discounts and Immovable Property

• Bill – VAT: The obligation to disclose discounts due to turnover is abolished. For investment goods (property), the restriction on the use of the property ceases for a period of at least 9 years

Real Time Reporting/Continuous Transaction Controls

• Transmission of Greek myDATA via ERP goes live in January 2024

• New improvements in data transmission to myDATA are published

• Improvements in data transmission to myDATA in Greece

• Greece myDATA e-book and e-invoices update
• AKIOE – myDATA: Extensions and feasibility of AADE
• Improvements to data transmission in myDATA

• myDATA – Changes in the platform for the years 2022, 2023 and 2024

• Ministry of Finance and AADE: Improvements in data transmission to myDATA

• MyData Application – Problems – Suggestions

• Greece myDATA: Postponement of data transmission deadlines

• myDATA: Postponement of data transfer deadlines

• myDATA – See all the changes with the new decision A.1023/2023

• myDATA: Transfer of data transfer deadlines

• myDATA pass

• FAQ (Updated) MyDATA REST API Registration – Authorizations

• Reduced VAT in real estate related transactions

Refund

• Press release: Digital and simplified VAT refund process for special regime farmers

Registration

• Implementation of the proper VAT registration procedures for non-EU taxpayers

Reporting / Compliance

• VAT Guide – Greece

• New improvements in data transmission to myDATA are published in Greece

• New MyDATA decision A. 1188/2022 published by IAPR

• myDATA – See all changes – Transmission of income and expenses 2022 to 28.2 and 31.3.2023

• AKIOE – myDATA: Extensions and feasibility of AADE
• myDATA – The new transaction transmission times for the years 2023 – 2024
• myDATA – Changes in the platform for the years 2022, 2023 and 2024
• Ministry of Finance and AADE: Improvements in data transmission to myDATA

• Ministry of Finance and AADE: Improvements to data transmission in myDATA

• myDATA – See all changes – Transmission of income and expenses 2022 to 28.2 and 31.3.2023

• myDATA – The decision to extend the deviations 2021

• Open VAT declaration pre-filling – Video of AADE

• Greece offers pre-filled VAT returns

• A guide to VAT – Doing business in Greece

• MyData Application – Problems – Suggestions

• VAT return for farmers of the special status of Article 41 of the VAT Code

• More European countries implement ”Pre-Filled” VAT returns

• Greece myDATA Deadlines

• 4 VAT Country guides in Greece

• myDATA: Transmission of insurance contributions and company exit classification by accountant-tax technician

Tax Authorities / Penalties

• AADE: Final letter for sending receipts to myDATA; lockouts and fines are coming otherwise

• AADE: end of handwritten appeals to the tax office

Taxable Transaction

• New draft bill introducing amendments to income taxation and VAT legislation