Greece introduced a new Continuous Transaction Controls (CTC) scheme, myDATA – an eAccounting system with eReporting elements, that requires taxpayers to transmit transactional and accounting data to the tax administration, in real-time or periodically, which populates a set of online ledgers maintained on the government portal. With taxpayers transmitting transaction data to the government portal myDATA system brings Greece in line with the global trend towards CTCs.
For the latest deadline changes, follow our Greece myDATA blog for updates.
Failure to achieve consistency between the data registered in the eBooks and the reported data in the tax returns triggers penalties or tax audits. Secondary legislation with details on the penalties is expected.
Sovos serves as a true one-stop-shop for managing all CTC compliance obligations in Greece and across the globe. Sovos uniquely combines local excellence with a seamless, global customer experience.