Tolerance Period for Cash Register-POS Integration and VAT Declaration Submission – 28 February 2024

• The period of tolerance for the connection of Cash Registers with POS and the submission of Periodic VAT Declaration is until February 28, 2024
• The Association of Economists Accountants of Piraeus (S.O.L.P.) has raised concerns regarding the short timeframe for businesses to prepare for new regulations
• Difficulties faced by businesses include the cost of purchasing and maintaining POS machines, software programs, and technical upgrades
• Delays in approvals for vouchers and installation of all-in-one systems are causing issues for businesses to comply with the law
• Problems with the MyData platform include discrepancies in reporting third-party income and lack of cross-referencing for VAT attributed to customs
• The Central Administration of the Association requested an extension of the tolerance period for VAT submission due to system delays, until March 10, 2024, to allow for system stabilization.

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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