- Direct expense entry from myData without documentation is incorrect.
- Electronic books provide immediate visibility of invoices for clients.
- Reduces need for late amendment submissions and delays in receiving documents.
- Facilitates cross-checking of outgoing payments and enhances transaction control.
- Some businesses mistakenly believe myData entries replace the need for actual documents.
- This misconception affects both business owners and some accountants.
- Direct entry without documents poses risks to tax compliance and accounting validity.
- Tax Code requires appropriate documentation for expenses to be deductible.
- Compliance ensures expenses are not deemed non-deductible under legal exceptions.
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.
