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Gradual Reduction of Allowable Deviation Limits for VAT Declarations by 12 July 2024

  • Gradual reduction and final elimination of allowable variance limits for tax declarations related to data transmitted to the myDATA digital platform
  • Aim to facilitate businesses in fulfilling their tax obligations with a more lenient adjustment of variance limits
  • Decision by Deputy Minister of Finance Christos Dimas to adjust allowable variance limits for VAT declarations for different tax periods
  • Reduction of allowable variance limits from 30% to 0% for income data and from 30% to 5% for expense data by January 1, 2025
  • Benefits of automation and digital transformation for businesses and tax authorities
  • Continued digital reform with the goal of reducing tax evasion and ensuring fair competition among businesses

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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