The Independent Public Revenue Authority (IAPR) as the Greek Tax Authority proceeded to send over 50 thousand reminder e-mails to professionals and businesses that have not yet completed the interconnection of their cash systems with the EFT-POS they have. In the Press Release, the obligated subjects are informed that: The deadline for the link expires on September 30. The fine for not linking... Read more

Based on the actual regulations, specific requirements for Restaurant Fiscal Devices, also known as Restaurant FI-MAS, Restaurant FTM, or ADIME Restaurant in Greece, entail the following main requirements... Read more

The obligation of Taxis to post a special sign, with which customers are informed of the obligation to accept card payments and its form, is determined by a decision of the Deputy Minister of National Economy and Finance, following the proposal of the Governor of the Independent Public Revenue Authority, G. Pitsilis. According to the decision, it is a special sticker that is placed on the glass of... Read more

As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more

A press release was published by the Greek Tax Authority (AADE) regarding further clarifications on interconnection requirements. The principle of "once interconnected, always interconnected" is strictly observed by businesses that replace their already interconnected systems, by the provisions of the A. 1116/2024 decision of the Governor of the Independent Authority of Public Revenue, Mr. Pitsil... Read more

One way to validate VAT numbers in the EU is the VAT Information Exchange System (VIES), which is a crucial tool for businesses operating within the European Union. Owned by the European Commission, VIES is a search engine that retrieves data from national VAT databases to verify VAT numbers. Here’s a detailed look at how VIES works and its significance. How VIES Works When a search is made usi... Read more

New details have emerged regarding the requirement for businesses in Greece to display signs indicating they accept POS card payments. Taxis, vendors in markets, tourism businesses, and other specified industries must display a sign that includes a phone number for customer complaints. This initiative, inspired by EU Directive 2019/1151, aims to combat tax evasion. Businesses failing to comply w... Read more

A special sign that they accept payments with cards should be carried by several categories of businesses in Greece that are operating in sectors where high rates of tax evasion are recorded. Those who fail to have it will face a fine of 1,000 euros. A provision included in an amendment submitted to Parliament by the Ministry of National Economy and Finance provides that "the Minister of National... Read more

One particular question stands out regarding the interconnection of EFT-POS terminals to devices for FIM recording transactions in Greece. Read more

The Greek AADE has published some new deadlines, thereby postponing the previous timeline for the interconnection of POS-EFT with fiscal devices in Greece. In that sense, mechanisms allow the replacement of EAFDSS, or simple FIM, for businesses operating in the catering sector, serving on tables and with chairs, with cash registers that can comply with new requirements. Let's find out more about this! Read more

The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis (transportation services considered as taxi services) and on takeout or delivery of non-alcoholic beverages will now become permanent. The mentioned VAT rate was reduced from 24% down to 13% with the aim of only being a temporary reduction when it was first introduced, but the authorities have decided dif... Read more

The Greek Tax Administration has determined that the sale of cryptocurrencies is subject to VAT (value-added tax). This decision is based on the fact that cryptocurrencies are not officially recognised by the state as a legal means of payment. Therefore, they do not benefit from the VAT exemption that applies to foreign exchange transactions, banknotes, and coins that are considered legal tender.... Read more

This document contains an overview of the presence of fiscalization and its types in all European countries. Read more

The Greek Independent Authority for Public Revenue (AADE) has granted a crucial extension to 7,600 businesses facing technical challenges with their fiscal devices (FIM) and  POS-EFT systems. Despite meeting all requirements for interconnection, these businesses encountered insurmountable compatibility issues between their systems. Recognising the dilemma, AADE, led by Governor George Pitsilis, ha... Read more

Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more

Since last week, AADE has already been carrying out audits on businesses with a turnover of more than €1 million. euros that did not proceed with the interconnection of POS (EFT) with their cash registers, nor scheduled an appointment within April. It is noted that in the context of these inspections, the first 5 fines of € 10,000 and € 20,000 have already been launched.  Within the next few days... Read more