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Full elimination of deviation limits in VAT declarations by 2025: Ministry of Finance announcement

  • Ministry of National Economy and Finance announces the gradual reduction and final elimination of tolerance limits for VAT declarations by 2025
  • Aim is to facilitate businesses in fulfilling tax obligations while ensuring compliance
  • New tolerance limits for VAT declarations set for different tax periods until 2025
  • Minister Christos Staikouras emphasizes benefits of digital transformation for businesses and tax authority
  • Independent Authority for Public Revenue continues digital reform with aim to reduce tax evasion and enhance tax justice
  • Focus on limiting virtual transactions and facilitating declaration submission using data from myDATA platform
  • Commitment to support businesses in utilizing platform effectively for optimal use and benefit

Source: e-forologia.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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