The new tax bill in Greece introduces several changes that affect retailers and retail companies, both in terms of taxation and compliance. Based on the text you provided, some of the main points that retailers should be aware of are described as follows:
What retail companies need to know about the new tax bill published in Greece?
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
413
Content accuracy validation date:
14.11.2023
Content accuracy validation time:
15:38h
- The use of cash is limited for transactions above 500 euros, and fines are imposed for violations. Retailers should encourage their customers to use electronic means of payment, such as debit cards, credit cards, or mobile apps.
- The payment of social and welfare benefits by debit card is established, which means that retailers should be prepared to accept these cards as a form of payment from their customers.
- The tax audits by the AADE (the Independent Authority of Public Revenue) can be recorded with cameras, both inside and outside the retailers' premises, for transparency reasons. Retailers should be informed about their rights and obligations during these audits and cooperate with the auditors.
- The short-term rental market is regulated with stricter rules and taxes, which may affect retailers who offer accommodation services through platforms like Airbnb. Retailers should register their properties in the Short-Term Rental Property Register, pay the resident tax of 0.5% of the revenue, the resilience fee to the climate crisis of 1.5 euros per day, and start a business activity if they have three or more properties on short-term lease.
- Citizens who report tax evasion and counterfeit cash registers through the Appodixi app will receive a bonus of up to 3,000 euros. Retailers should ensure that they issue valid receipts to their customers and avoid any fraudulent practices that may harm their reputation and finances.
The new bill in Greece aims to reduce tax evasion, increase transparency in the retail sector, and regulate the short-term rental market.
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