Mandatory e-invoicing postponed in Greece to July 2021

Greece to further delay e-invoicing  until July 2021

Due to Covid-19 complications, Greece has announced that mandatory e-invoices and e-books would be delayed again. The intended implementation date is 1 July 2021. Companies who took action and were prepared for the previous deadlines may start submitting their e-invoices now, however it will not be obligatory until the postponed date. Data that was generated during the first half of 2021 can be submitted until October 2021.

Other countries that have introduced  similar tax technology obligations include Spain, Hungary, Italy, and Portugal. In light of this, Marosa has developed software that integrates directly with your current systems to make real-time reporting as quick and easy as possible.

You can find more information about Greek electronic invoicing here.

How will the e-invoices and e-books be submitted?

The e-invoices and e-books will be submitted through a platform called MyData and processed by the Greek tax authorities. Businesses have different options for submission, including using external service providers or through their ERP system.

It is important to make sure that the systems are configured correctly and comply with the platform’s technical requirements. You can find more information about those requirements by clicking on this link.

MyDATA platform

The MyDATA platform was created to monitor the input and output transactions of businesses keeping accounting records pursuant to the Greek Accounting Standards (GAS). It includes a Detailed Book and a Summary Book. MyDATA aims to reduce administration costs for businesses, combat against fraud, and speed up VAT refund processes.