From 1 October and small enterprises with an annual turnover of up to EUR 1 million should issue electronic invoices.
The compulsory electronic billing concerns all transactions between companies in Greece, as well as sales of goods and services to undertakings established in third countries outside the European Union.
On the contrary, for trade with EU Member States' companies. the use of an electronic invoice remains optional at present. Where the foreign customer cannot or does not wish to receive an electronic invoice, the possibility of transmitting the document in an alternative shall be provided in accordance with the procedures in force.
Electronic invoices
Small businesses should issue all invoices exclusively digitally through a provider or through the free Timologio and myDATAapp applications of AADE.
Non-issue of an electronic invoice shall be treated as a non-issue of an invoice with fines up to EUR 2,500 per infringement
Each transaction will be transmitted automatically and in real time with the ADA's myDATA, while a transitional period is foreseen by the end of December for a smooth adaptation of operations to the new regime.
In particular, the company selects a modern billing program (ERP) and a certified provider or its free Timologio and myDATAapp applications.
It should then be stated whether the undertaking uses a provider (HYPS) or the Timologio application. The selection of the timologio application also covers the myDATAapp option of AADE.
The documents shall be issued electronically and transmitted automatically to the myDATA platform to receive the mandatory Unique Registration Number (Mark).
Fines
The non-issue of an electronic invoice shall be treated as a non-issue of an invoice with fines of up to EUR 2,500 per infringement or control, depending on the accounting system of the undertaking and the type of transaction.
More detailed:
– A fine of 50% is imposed on the tax resulting from the non-issued item or the difference. The minimum cumulative fine per tax audit is 250 euros for simplified books and 500 euros for bibliographicals.
- A fine of EUR 500 per tax audit is imposed for companies with simplified books, and EUR 1,000 per audit for enterprises with double-script books.
-A separate fine of EUR 2,500 is imposed in case of non-reporting or inaccurate reporting.
Source: OT
