- Authorization for B2B E-Invoicing: The European Commission has authorized Greece to implement mandatory B2B e-invoicing for domestic transactions, with the potential start date set for July 1, 2025. This initiative aims to enhance tax compliance and streamline VAT reporting.
- Scope and Compliance Requirements: The mandate will apply to taxable persons established in Greece and will not affect foreign companies registered for VAT. E-invoices must comply with the European Standard on electronic invoicing (EN 16931), and businesses will be required to transmit data in real-time to the myDATA platform, which currently processes income and expense transactions.
- Alignment with Digital Strategy: This move is part of Greece’s broader digital transformation strategy, which includes existing mandates for B2G e-invoicing. It aims to combat VAT fraud, reduce the VAT gap, and improve overall efficiency and transparency in the tax system. Businesses are encouraged to prepare for these changes to ensure compliance.
Source Marosa
