Lockdown myDATA – VAT in 2024 and myDATA – declarations in 2025. Tax burden on individual businesses must increase – myDATA and heating allowance.

• The Deputy Minister of Finance in Greece stated that the overall tax burden on individual businesses must increase.
• The aim is to reach a point where tax evasion can be effectively addressed through the tax increases.
• The myDATA system is seen as a valuable tool that provides detailed data and improves service efficiency.
• The government is considering using myDATA to streamline the process of heating allowance applications.
• In 2024, the myDATA system will be connected to VAT declarations, ensuring that income and expenses do not result in lower taxes than what myDATA indicates.
• From 2025, the same principle will apply to income declarations.
• The goal is to utilize myDATA not only for monitoring purposes but also to facilitate daily operations.

Source: taxheaven.gr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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