The Ministry of Finance is promoting measures to further increase electronic transactions and to deal with another measure of tax evasion in 2023. The measures aim to reduce the use of cash in transactions even further and allow businesses to receive an even greater portion of their daily revenue through card payment machines or other forms of electronic payment.
The limit for cash transactions in Greece is to be reduced again in 2023
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
4122
Content accuracy validation date:
10.02.2023
Content accuracy validation time:
11:20h
In particular, the reduction of the limit up to which the use of cash as a payment media is allowed for the realization of a financial transaction concerning the purchase of products or the provision of services is being considered this month.
This limit on paying in cash is expected to be reduced from 500 to 200 euros per transaction. Thus, amounts above the new limit of 200 euros related to the sale of goods or the provision of services to private individuals, should be paid by customers, the buyers of the goods or services, exclusively by electronic means of payment. That is, the use of means of payment by card or other electronic means of payment, bank transfer, payment through a payment account, use of an electronic wallet, etc.
Other news from Greece
Status of e-Invoicing introduction in Greece: expectations for businesses in the upcoming period?
Greece
Author: Tara Nedeljković
Greece is preparing for the gradual, mandatory implementation of electronic invoicing for B2B transactions, aiming for full nationwide adoption by 2026, although no fixed deadlines have been announced yet. From September 1, 2025, B2G e-invoicing becomes mandatory for all General Government expenditures, following EU standards. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New Decision in Greece—A.1081/2025 amends A.1157/2023 to foresee extended time for full interconnection compliance.
Greece
Author: Tara Nedeljković
Greece’s new Decision A.1081/2025 extends the compliance deadline to 31 December 2025 for businesses that have interconnected their cash systems with payment instruments but do not yet fully meet the technical protocols of A.1098/2022 and A.1155/2023. The extension applies to setups where payment instruments restrict manual amount entry to prevent manipulation, provided the Payment Instrument Providers have informed AADE. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New E-Invoicing Rules for Greek Government Contracts Starting This September
Greece
Author: Tara Nedeljković
Starting September 1, 2025, Greece will implement mandatory B2G electronic invoicing for all expenditures of general government bodies, with economic operators required to issue invoices compliant with European standards. The regulation defines specific exemptions, including small-value contracts, public-public transactions, confidential expenses, and work lease agreements with individuals. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
IRIS Payments become mandatory for Greek businesses from November 1st: Key details and clarifications
Greece
Author: Tara Nedeljković
From November 1, 2025, all Greek businesses, including e-shops, must accept IRIS payments, a system that enables instant mobile phone transactions without needing card details. Businesses are not required to replace their POS devices but must upgrade their software to integrate IRIS, which also strengthens tax compliance by linking transactions directly to cash registers. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
What happens when there has been a double swipe of a card at EFT-POS in Greece?
Greece
Author: Tara Nedeljković
In Greece, a double swipe of a bank card at an EFT-POS terminal does not result in a double charge, as a transaction only occurs when the amount is re-entered and confirmed by the store employee. The Hellenic Banking Association reassures consumers that a second swipe or acceptance sound alone does not trigger a financial transaction. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: Technical country overview - Greece
Greece
Author: Stevan Car
This document addresses all the technical details regarding the fiscalizaton process in Greece. In this presentation, we deal with topics such as - Country overview - Fiscal concept overview - Overview of fiscal printers - Integration of fiscal printer - Error handling Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
End of intra-model European electronic invoice and new rules introduced
Public
Author: Nikolina Basić
Starting July 1, 2030, the EU will eliminate the Intra models for VAT reporting, replacing them with mandatory electronic invoicing under Directive 516/2025. The new system, part of the VIDA 2030 Package, will require businesses to issue standardized e-invoices for all intra-EU B2B transactions, with data transmitted to VIES for cross-border VAT monitoring and fraud prevention. This shift aims to... Read more