![]() ![]() The Ministry of Finance and the Independent Authority of Public Revenue (IAPR) issued a joint ministerial decision on 22 June 2020 setting forth the framework for entities to transmit their books and tax records electronically to the IAPR (Decision 1138/22-6-2020).Įntities will have to characterize the transactions that they report on the myDATA platform, classifying them to revenue and expense categories, but a significant requirement for the proper disclosure of an entity’s accounting and tax information will be the mandatory characterization of part of the data by a licensed accountant. The following discusses recent guidance issued about e-books and e-invoices. In an effort to automate various reporting procedures, reduce administrative costs, and deter tax abuses, Greece’s tax authorities have implemented new processes that will enable companies to maintain and submit certain data to electronic books (e-books) and incentivize them to adopt e-invoicing. E-books reporting to begin 1 October 2020 e-invoicing incentives released
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