Greece announces delay to e-invoicing and e-books

Greece has confirmed a delay to the implementation of its new myDATA portal, which will see e-invoices and e-books become mandatory for businesses in the country.

The scheme was due to be introduced on 1^st January 2021 but it has now been pushed back to 1^st April 2021. It was originally intended for transaction-based reporting to be in place in Greece by 31^st October 2020.

Although Greece has said the decision is a result of the economic disruption caused by the Covid-19 pandemic, it is understood that the portal is still in the development phase. The new 1^st April start date means the first set of quarterly

Once the regulation comes into effect, records set to be held digitally include:

e-invoices

e.g. Sales VAT invoices and purchase e-invoices.

e-books

e.g. Accounting general ledger transactions, cash ledger payroll and fixed asset transactions.

The Ministry of Finance and Greek Tax Office (AADE) has confirmed the new timeline towards mandatory e-invoices and e-books and all records will soon be transferred to the myDATA portal it is set to manage.

Businesses that have prepared for the 1^st January deadline may still proceed with submitting their Q4 invoices.