The draft law on transparency and controls in transactions through digital platforms, as well as on the interconnection of POS with AADE, was submitted to consultation and will probably be adopted in the following period. It is stated that the interconnection of POS with AADE will facilitate controls and improve the transparency and effectiveness of the control mechanism, in accordance with the framework set by the relevant European Directive.
Greece proceeds to adopt a new law on digital platforms and POS interconnection with AADE.
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
2489
Content accuracy validation date:
15.08.2023
Content accuracy validation time:
08:41h
The draft law, which was presented at the cabinet meeting last week, concerns income earned from cross-border and non-cross-border activities in the following sectors:
(a) rental of immovable property, including residential and commercial immovable property, and any other immovable property and parking spaces;
(b) personal service;
(c) sale of goods;
(d) hire of any means of transport.
In addition, it is noted that the following are excluded from the scope of the mentioned draft law:
- Businesses and sellers who conduct less than 30 transactions per year through the platform, from which they receive less than 2,000 euros,
- In the field of real estate leasing, businesses conduct more than 2,000 transactions per year through the platform in order, as mentioned in the text of the Directive, to avoid unnecessary compliance costs for sellers engaged in real estate rentals, such as hotel chains or travel agents.
At the same time, the same draft law, in view of the interconnection of POS with cash registers, establishes an obligation for card payment service providers to comply with the requirements for the operation and interconnection of POS (i.e., EFT-POS) with the AADE and, respectively, for businesses to use POS that meet these requirements.
It is foreseen that the providers will submit a declaration of compliance, which will be published on the AADE website. Failure to submit the declaration entails the termination of the legal operation of the POS itself, as well as fines of up to €200,000 for providers and up to €10,000 for businesses that continue to use inappropriate POS solutions.
The adoption of these technical arrangements is a prerequisite for the interconnection of POS terminals with cash registers and the achievement of the timetables announced by the government. They are part of the government's overall plan to utilize modern technological tools to tackle tax evasion.
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