Impact of Greek Tax Reform on E-Invoicing

Joanna Hysi
August 27, 2020

With the 1 October go-live date for myDATA, the first Greek implementation of Continuous Transaction Controls (CTC), fast approaching, legal clarity around the broader tax reform should ideally be close to completion. Greece’s tax reform is expected to not only cover CTC reporting but also e-invoicing.  So far, however, we have only seen fragmented documentation with no clear mandate defined or communicated for e-invoicing. This creates uncertainty with just a few months before the myDATA roll-out.

Connected but independent frameworks

The fragmented e-invoicing documentation was released at the same time as the myDATA documentation. This created the notion that the two legal frameworks were interconnected in a way that the e-invoicing documentation would only apply to the myDATA implementation.  Part of documentation covered e-invoicing through accredited service providers, introduced in February in Decision No 1035/2020, which, according to myDATA legislation is also one of the data transmission methods to the myDATA platform.  Other methods include reporting from the ERP or online cash registers. However, as further e-invoicing legislation has been published, i.e. e-invoicing incentives for taxpayers choosing to use accredited service providers for their e-invoicing processes, it‘s clear that the two frameworks are – or rather were intended to be – independent.

No immediate change to e-invoicing

It’s important to remember that although the IAPR clearly plans to embrace CTC e-invoicing in the future, for the time being the existing post audit e-invoicing rules remain the same. The myDATA scheme, rolling out on 1 October, doesn’t impact e-invoicing in Greece. Taxpayers can continue issuing paper invoices or electronically, meet the integrity and authenticity requirements by any methods accepted in the VAT Directive (digital signatures, business controls establishing an audit trail between an invoice and supply (BCAT) or EDI with an interchange agreement based on the European Commission 1994 Recommendation), outsource and automate their B2B e-invoicing processes through their chosen service provider, as long as they report their data to the myDATA platform through their ERP.

Businesses that have already automated their e-invoicing businesses processes in Greece, e.g. procure to pay, order to cash, do not need to stop even if their vendor is not accredited. Similarly, vendors that offer automated e-invoicing processes in Greece, can keep doing so without having to become accredited.

A key takeaway for businesses and service providers who operate in Greece is that post audit e-invoicing is still possible and compliance with local post audit legislation is required. However, since the IAPR has already taken steps towards embracing some type of CTC e-invoicing, businesses should expect that further information is expected in the coming months providing welcome clarity on the shape and form of such a clearance system.

Take Action

Sovos has more than a decade of experience keeping clients up to date with e-invoicing mandates all over the world.

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 […]

October 23, 2020
The Data: Wine DtC Shipments and Off-Premise Retail (September 2020 Special Report)

The wine market is in greater flux than ever as producers, retailers and consumers navigate the impacts of a global pandemic. Keeping a pulse on marketplace data has never been so important given these shifting dynamics. Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide a much more comprehensive view of the […]

Tax Information Reporting
October 22, 2020
Latest Updates: State Direct Reporting Requirements for Form 1099-NEC

With the latest IRS announcement in Publication 1220 stating that information reporting data for the new Form 1099-NEC  will not be included in the Combined Federal/State Filing (CF/SF) program,  numerous states are beginning to publish direct reporting requirements. The Sovos regulatory analysis team will continuously update this page with the latest state requirements for Form […]

EMEA VAT & Fiscal Reporting
October 22, 2020
Post-Brexit: UK Postponed Import Accounting for VAT

If you listen carefully, you can hear the tick tock of the Brexit clock growing ever louder. As 31 December looms into view, there’s lots to consider from a VAT point of view. One area business must get up to speed with is the movement of goods between the EU and the UK post-Brexit. Whether […]

October 22, 2020
In Focus: Italian Registrations and the Filing Process

As an insurer authorised to write business in Italy, IVASS (Italian Insurers Supervisory Board) have provided you with the appropriate insurance certificate but what else is needed and what happens next? This is just the start of a lengthy and at times demanding journey towards insurance premium tax (IPT) compliance. At the outset, the insurer […]

Sales & Use Tax United States
October 21, 2020
The On-premise Challenge of Content Updates for Modern Tax – Part I

Introduction: Should we move our tax engine to the cloud or keep it on-premise? This conversation is taking place in many organizations as they assess their approach to sales tax management. In this three-part series, we’ll explore some of the problems IT is working through to maintain on-premise solutions that may not always be visible […]