Greece to introduce real time invoice reporting

6 June 2018

From 1 January 2019, Greece are proposing to introduce a new mandatory real time invoice-reporting regime that will apply to all companies that sell to the public sector and limited liability companies (“LLC’s”).

If introduced this new regime will require all businesses making these types of supplies, to declare the invoices to the Greek tax authorities at the same time as they are issued to the customer. The customer will then electronically confirm receipt of the invoice with the tax authorities directly.

It is hoped that this new invoice-reporting regime will prevent common errors on these types of invoices and also prevent VAT fraud in the country. If successful it will then be extended to all taxpayer transactions from January 2020.

LATEST NEWS

UPDATE: Philippines implements VAT on e-services...

The Bureau of Internal Revenue (BIR) recently executed implementing regulations (Revenue Regulations 003-2025) which will introduce VAT on digital services...

SEE MORE
VAT news
LATEST NEWS

European Commission grants extension of VAT split...

Despite deviating from Article 226 of Directive 2006/112/EC of the EU VAT Directive, Poland has been allowed to carry on using their VAT split payments regime...

SEE MORE
VAT news
LATEST NEWS

Ecuador switches to VAT registrations from withholding...

A new law, passed in Ecuador during December 2024, imposes VAT registration obligations for foreign providers of electronic services to consumers. Previously...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.