- Governments are adopting Continuous Transaction Controls systems like e-invoicing and real-time e-reporting.
- Pre-filled tax returns are emerging as part of tax digitization.
- Real-time data access allows tax authorities to prepopulate returns, ensuring data quality.
- Countries like Chile, Indonesia, Spain, and Portugal have implemented pre-filled returns.
- Greece introduced pre-filled VAT returns in 2022 using the myDATA platform.
- Pre-filled returns aim to improve accuracy, transparency, and efficiency.
- Greece also offers pre-filing for income tax returns using Form E3.
- Limits on adjustments to pre-filled returns have been set, with a zero-deviation limit for VAT returns since 2025.
- Pre-filled VAT returns use data from myDATA, locking the return to prevent manual adjustments.
- Ministerial Decision 1020/2024 outlines rules for pre-filled VAT returns and sets deviation limits.
- Revenue Rule: VAT returns cannot report less income than submitted to myDATA; overreporting is allowed.
- Expense Rule: VAT returns cannot report more expenses than submitted to myDATA; underreporting is allowed.
- Temporary thresholds for deviation provide transitional relief.
Source: sovos.com
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.
