Greece Establishes Legal Basis for myDATA Scheme and Introduces New E-Invoice Requirements

Joanna Hysi
December 10, 2019

First legislation of the myDATA

The requirement for the mandatory submission of tax data to the Independent Authority for Public Revenue (IAPR) has finally been established in law, specifically in the new tax bill approved by the Greek parliament just a few days ago. The tax bill further mandates the IAPR to finalize, by way of secondary law or decision, the myDATA framework, i.e. the technical specifications, the scope, any exemptions and any other necessary information about the myDATA system.

As a result, the IAPR recently announced that the implementation of the myDATA framework will be postponed until 1 April 2020. Although this date is still to be formally communicated by the Greek authorities, this postponement has been informally communicated and circulated by the Greek press.

New e-invoicing requirements

The tax bill further introduces two new e-invoicing requirements:

  1. It mandates the competent authorities to adopt secondary legislation to define the e-invoice format exchanged between the parties in B2B transactions following the European Norm, as defined in the Directive 2014/55/EU.
  2. It assigns certain e-invoicing service providers, potentially of an “accredited” function – an important role in the e-invoice issuance process, i.e. to guarantee integrity and authenticity of the e-invoice. By virtue of this law, a new method for e-invoice issuance via these “accredited” service providers is now included in the open list of methods of ensuring integrity and authenticity of the e-invoice. The law mandates the competent authorities to regulate in detail, by virtue of a secondary law or decision, the special scheme for this category of e-invoicing service providers.

What is to come?

The goal of the IAPR is to implement e-invoice clearance alongside the myDATA scheme. However, at this stage it seems that such an implementation would initially remain voluntary for taxable persons, since Greece, just like Italy, first must seek an EU derogation from certain provisions in the EU VAT Directive.

It’s worth remembering that Italy’s circumstances were different to why Greece is seeking a derogation, among the most important is the lack of an existing e-invoicing infrastructure in Greece that could ease the transition to a full nationwide e-invoicing mandate. With this in mind, an April go-live date for the e-invoicing leg of the mandate, even on a voluntary basis, remains a rather ambitious initiative from the Greek authorities.


Take Action

Learn how Sovos helps companies handle e-invoicing and other mandates all over the world. To find out more about what we believe the future holds, download the Sovos eBook on trends in e-invoicing compliance

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.


Joanna Hysi

Joanna is a Regulatory Counsel at Sovos TrustWeaver. Based in Stockholm and originally from Greece, Joanna’s background is in commercial and corporate law with research focus on EU law and financial innovation. Joanna earned her degree in Law in Greece and her masters in Commercial and Corporate from London School of Economics and Political Science (LSE) in London.
Share This Post

LATAM VAT & Fiscal Reporting
May 20, 2020
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

Tax Compliance Tax Information Reporting United States
June 1, 2020
The Advantage of a Cloud-First Company

As Sovos continues to expand our technology and service offerings we will always prioritize operating in the cloud before any other means. Sovos’s SaaS and Security Strategy  Sovos at its core is a Software as a Service (SaaS) and cloud-first company. This means that as Sovos continues to expand our technology and service offerings we […]

ShipCompliant United States
May 28, 2020
Ask Alex: Your Bev Alc Compliance Questions Answered (May 2020)

  Do you have questions about the rules, regulations, and compliance requirements of the beverage alcohol industry? This series, Ask Alex, is a perfect opportunity to get those pressing questions answered straight from one of the industry’s regulation and market experts, Alex Koral, Senior Regulation Counsel, Sovos ShipCompliant.  To take advantage of this opportunity and […]

E-Invoicing Compliance EMEA
May 28, 2020
Turkey’s Transition Conditions for E-ledger

On October 19, 2019, the Turkish Revenue Administration (TRA) published a communique making the e-ledger application mandatory for e-invoice users, companies subject to an independent audit, and companies identified by the Presidency to have poor tax compliance.  The e-ledger application enables businesses to create the legally mandated general journals and ledgers and submit e-ledger summary […]

ShipCompliant United States
May 27, 2020
How Technology Partnerships Improve DtC Compliance

To be an expert, one has a specialty. Ours is beverage alcohol compliance. Since compliance sits at the heart of operations, being connected at every step helps our customers focus on their business instead spending countless hours on manual processes. Compliance is challenging, but we make it easier with a large and robust network of […]

EMEA IPT Tax Compliance
May 26, 2020
Why IPT Reporting is so Complex for Insurers

Accurately calculating insurance premium tax (IPT) for reporting can be complex.  And the ramifications of getting it wrong can be far reaching from impacting profit margins to unwelcome audits, fines and damage to your company’s reputation in the market and with customers. Calculation methods When I speak to customers about how they calculate insurance premium […]