, , ,

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 Senior Regulatory Counsel at Sovos. 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

EMEA VAT & Fiscal Reporting
January 25, 2023
Understanding VAT Between European Countries

All European countries charge VAT on goods and services. VAT is a consumption tax added during each production stage of goods or services. Although VAT is near-universal according to the EU VAT Directive, VAT rates within the EU do differ. This is because the EU VAT Directive allows Member States to choose whether to implement […]

North America ShipCompliant
January 24, 2023
Top Takeaways: 2023 Direct-to-Consumer Wine Shipping Report

Sovos ShipCompliant recently released the 2023 Direct-to-Consumer (DtC) Wine Shipping Report with our partner, Wines Vines Analytics. This look-back at 2022 is the most comprehensive, complete and exclusive collection of data and insights on the state of the channel. While 2022 saw the first-ever decline in either—let alone both—value and volume of shipments, the DtC […]

North America Unclaimed Property
January 17, 2023
How to Avoid 6 Common Unclaimed Property Myths

Unclaimed property is often misunderstood. Despite their best intentions, we find that many companies operate under factually inaccurate assumptions that could put their business at risk. We’ve outlined some of the top myths and misconceptions around unclaimed property to help you stay compliant. Unclaimed property reporting is optional Filing unclaimed property is not an option. […]

North America ShipCompliant
January 11, 2023
Supreme Court Denies Cert on Retailer DtC Shipping – What Does That Mean?

On Monday, January 9, the U.S. Supreme Court rejected a petition to hear an appeal of B-21 v. Bauer, a case revolving around the issue of interstate direct-to-consumer (DtC) shipping by alcohol retailers. B-21 stemmed from a challenge to a North Carolina law that allows in-state retailers to ship wine through third-party carriers to North […]

EMEA VAT & Fiscal Reporting
January 10, 2023
An Introduction to EU VAT

Nearly every major economy has a form of VAT. That’s 165 countries, each with its own compliance and reporting rules. The main exception is the United States. VAT is by far the most significant indirect tax for nearly all the world’s countries. Globally VAT contributes more than 30% of all government revenue. Levying VAT is […]