Fines for failure to transmit retail sales data will be increased in Greece

MyData: Starting October 31st, fines for failure to transmit retail sales data will be increased. With an amendment passed in the Finance Ministry's sweeper bill, it is foreseen that from the end of October, sanctions will finally be imposed for the non-transmission of retail sales data, which are issued through the Electronic Tax Mechanism (inclusive of cash registers).

The original decision, before the amendment, provided that from October 1st, 2022, businesses that do not transmit receipt data from cash registers to the relevant platform will face fines and even "lockouts".

In the case of transactions subject to VAT, a fine is equal to 50% of the VAT indicated on each item not transmitted. This fine cannot be lower, cumulatively per tax audit, than 250 euros if the entity is obliged to observe a simple accounting system or 500 euros if the entity is obliged to observe a double accounting system.

In the case of transactions that are not subject to VAT, a fine of EUR 500 per tax inspection if the taxpayer is liable to maintain a simplified accounting system and EUR 1,000 per tax inspection if the taxpayer is liable to maintain a double-entry accounting system. In the case of each subsequent infringement of the same kind found in the context of a subsequent inspection within five years of the adoption of the original act, a fine equal to twice the amount of the fine provided for shall be imposed.