Greece publishes law on e-invoicing incentives

Joanna Hysi
July 21, 2020

The Greek parliament has adopted legislation (Law 4701/2020) which provides a number of incentives to businesses who decide to use e-invoicing through a service provider during the tax years of 2020-2022. These incentives for example include a reduction of the statute of limitation for fiscal matters by 2 years, and a depreciation of twice the amount of the cost incurred for acquiring the technical equipment and software required for the implementation of e-invoicing. According to the rules of the new framework, this requires that businesses notify the tax administration of the use of e-invoicing through a service provider as the exclusive method to issue, exchange and store invoices. In this case, businesses are not allowed to issue paper invoices, unless they revoke their statement.

The law is available in full here.

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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.
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