Greece Delays myDATA Mandate

Joanna Hysi
March 24, 2020

New go-live date

A new roll-out date for the myDATA e-books mandate was announced by the Greek tax authority, the IAPR, during a recent meeting with local industry groups.  While nothing is formal and binding until it’s been codified through law, the tax authority seems to have made up its mind about the postponement.

More specifically, the IAPR is looking into a gradual implementation of the mandate. Reporting of summary transaction data and associated tax classifications (e.g. sale of goods, provision of services etc.), as regulated under the myDATA framework and the published technical specifications, will apply as follows:

  • From 1 June 2020 – for suppliers: reporting of invoice data for outbound invoices and their classifications
  • From 1 October 2020 – for buyers: reporting of invoice data for invoices not submitted by suppliers (e.g. foreign suppliers) and classifications of invoice data for inbound invoices
  • From 30 October 2020/31 December 2020 – for suppliers and buyers respectively: reporting of all data and their classifications retrospectively, starting from January until the first roll-out dates as described above.

Status of legal and technical documentation

The majority of the myDATA legislation has been published:

  1. Detailed description of the myDATA
  2. Technical specifications for the ERP integration, and
  3. Technical specifications for the integration of online cash registers
  4. Law on recommended B2B e-invoice format (Greek EN 16931)
  5. Law on accreditation scheme for e-invoicing service providers

However, the most important piece of legislation, the myDATA law, is still pending. It’s expected to regulate all remaining details of the mandate related to, for example, the different transmission methods, MARK function, time of transmission, and consequences of non-compliance. The current technical specifications must also be finalized before the entry into force (currently version 0.6) of the mandate.

Some sources suggest that the myDATA law will be published in the next couple of months. However, it remains to be seen if the IAPR will prioritize this tax reform while taxpayers are facing other challenges. As we are currently facing an epidemic crisis which is motivating governments globally to rapidly take measures to protect businesses, Greece is likely to postpone the introduction of the full myDATA mandate even further.

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.

Author

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
Share on facebook
Share on twitter
Share on linkedin
Share on email

North America ShipCompliant
September 22, 2021
Wine Retailer Interstate Shipping and the Courts: An Update

By Tom Wark, Executive Director, National Association of Wine Retailers The effort to open more states for interstate wine retailer-to-consumer shipments is multi-pronged. One prong—perhaps the most important—is the effort to overturn discriminatory state laws by using the federal courts to challenge state laws that violate the U.S. Constitution’s dormant commerce clause as well as the […]

EMEA VAT & Fiscal Reporting
September 22, 2021
EU E-Commerce VAT Package FAQs: Understanding OSS

The EU E-Commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS), bring significant changes to VAT treatment and reporting mechanisms for sales to private individuals in the EU. Our recent webinar, Back to Basics: The EU E-Commerce VAT Package, discussed the basic principles of the three […]

EMEA IPT
September 22, 2021
Insurance Premium Tax Returns: Italian IPT Books

The proper supporting documentation of a tax return has always been required by the local tax offices. In this blog we will focus on the supporting documentation of Insurance Premium Tax (IPT) returns, especially the Italian requirements. Although the requirements for the preparation of IPT supporting documentation differs from country to country, the details of […]

North America VAT & Fiscal Reporting
September 21, 2021
Looking to Cut Tax Compliance Costs? Consider Tax Solutions Before Migrating to SAP S/4HANA

As the digitization of tax continues, many organizations are looking to reduce the complexity and cost of tax compliance. In our latest spotlight report, created in partnership with Americas’  SAP Users’ Group (ASUG), “Boost Tax Compliance Capabilities and Visibility with SAP S/4HANA”, we discuss the most optimal time in the SAP S/4HANA migration process to […]

EMEA VAT & Fiscal Reporting
September 21, 2021
Fiscal Representation Post-Brexit – Requirements for UK Companies Trading in the EU

Non-EU companies are required to appoint a Fiscal Representative in order to be registered for VAT in many Member States. Following the end of the Brexit transition agreement on 31 December 2021, this was a consideration for UK companies who wanted to remain registered or had to register as a result of changes to supply […]