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:
- Detailed description of the myDATA
- Technical specifications for the ERP integration, and
- Technical specifications for the integration of online cash registers
- Law on recommended B2B e-invoice format (Greek EN 16931)
- 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.
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