There has been a lot of progression in the digital reporting landscape in Greece. This post will explain the details regarding the e-book reporting scheme in Greece, including the most recent decision A.1138/2020, which was published in the Government Gazette on 22 June 2020.
E-book reporting scheme in Greece
In August 2019, the Greek Independent Authority for Public Revenue (IAPR) announced the launch of the new e-book scheme for the transmission of accounting data to the myDATA platform. IAPR launched a public consultation on myDATA and have continued conducting unofficial discussions with various organisations and associations regarding the exact details of the reporting obligation.
The goal of the IAPR is to use the myDATA platform to create online income and balance sheet statements for all businesses operating in the country, by requesting various types of accounting entries, i.e.:
- Accounting entries to determine annual accounting and tax results
- Summary of revenue and expense documents for tax purposes
- Classification of expense and revenue transactions
Businesses’ revenue and expenses will be automatically updated in their e-books on the myDATA platform. All data included in filed tax returns will be cross-checked against the e-book with myDATA.
All entities that are obliged to apply the provisions of the Greek Accounting Standards, are required to report data to IAPR under the e-book scheme, regardless of the type of company.
IAPR foresees the following methods to report the data to myDATA:
- business management software, such as accounting software or ERP;
- accredited Greek e-invoicing service providers (Υ.ΠΑ.Η.Ε.Σ);
- myDATA web portal for manual entry by small businesses;
- accredited online cash registers for retail sales transactions.
Taxpayers must select and use only one of the reporting options, meaning that one cannot use one method for reporting of certain types of accounting entries and another method for reporting of other types of entries.
Data to be reported
For the uniform application, in the Annex to the decision A.1138/2020, the IAPR has defined the document types and the data of such documents and accounting entries that must be reported to myDATA platform.
Data to be reported by all liable parties:
- invoices (initial, supplementary and credit) and retail receipts;
- data from documents issued due to special tax provisions, as well as data on collection/payment of rent;
- data of the accounting records that form the accounting and tax base for the determination of their accounting and tax result of each tax year. Accounting records on payroll and depreciation must be distinctively transmitted, while other revenue/expense settlement entries carried out at the end of the period can be transmitted in aggregate.
Data to be reported exclusively by the buyers:
- transactions with a foreign non-liable entity, such as intra-community acquisitions, imports from third countries and receipt of services;
- domestic and foreign retail sales receipts;
- transactions related to the sale of electricity and water;
- transactions with credit institutions;
- documents for the payment of contributions to social security funds;
- transactions that should have been reported by the issuer.
In each revenue and expense transaction report (synopsis), the taxpayer must provide a classification of revenues respecting expenses. Such classification data must be provided for each line entry or at least per VAT type.
Timing for reporting
If the taxpayer has selected reporting option via e-invoicing service provider or ERP, the data must be submitted in real-time prior to data issuance and exchange between the trading parties.
Exceptionally, until the end of 2020, if the reporting method via ERP has been selected, the data can be transmitted within five days of their issuance and in any case not later than the 20th day of the following month in which they were issued.
If the taxpayer transmits the data via myDATA web portal, as well as for the data transmitted in accordance with the self-billing or assignment of billing procedure, the reporting operations shall be carried out by the 20th day of the following month in which they were issued.
For the initial implementation of the productive operation of the platform that will receive the transmitted data, the below schedule is followed:
- From 20 July 2020: Voluntarily, summary of revenues and expenses (synopsis) of data entries processed from 20 July 2020 onwards through e-invoicing service providers.
- From 20 July 2020: Optionally, classification of revenues and expenses of data entries from 2020.07.20 onwards through e-invoicing services providers.
- From 1 October 2020: Synopsis and classification of revenues and expenses of data issued via other methods of transmission beyond e-invoicing services providers.
- By 31 Dec. 2020: Synopsis and classification of revenues and expenses in case of self-billing issued between 1 Jan. 2020 and 30 Sept. 2020, except for data that has already been transmitted.
- By 31 Dec. 2020: Payroll entries from 1 Jan 2020 to 30 Sept. 2020.
- From 1 Jan. 2021 and by 28 Feb. 2021: In particular, the transmission of data by the recipient, in the event of non-compliance with the obligation to transmit data by the issuer.
- By 28 Feb. 2021: Synopsis and classification of revenues and synopsis of revenues in case of self-billing issued between 1 Jan 2020 and 30 Sept. 2020, except for data that has already been transmitted.
- By 31 March 2021: Possibility of acceptance and classification of transactions by issuers.
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