Stricter penalties for those who fail to transmit or transmit late data on income and expenditure to the myDATA platform of AADE with fines of up to 100,000 euros and publication of the names of offenders are provided for by the provisions of the tax bill under consultation.
However, the harsh penalty is provoking strong reactions from accountants and professionals who characterize the myDATA platform as problematic and speak of a high price for unintentional mistakes for all micro, small, and even medium-sized enterprises.
New penalties for failing to transmit data to the Greek myDATA platform in the proposed tax bill
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
509
Content accuracy validation date:
01.12.2023
Content accuracy validation time:
10:05h
Content
In particular, with the new provision of the tax bill, the following penalties are imposed on professionals and businesses that violate the obligation of electronic transmission of data to the AADE by failing to transmit or transmitting late the data of the issued accounting records:
- If, as issuer, it fails to transmit summaries of issued documents of invoicing income, self-billing costs, title deeds, and accounting data issued pursuant to special tax provisions, it shall be punished with a fine equal to 10% of the net value of each non-transmitted item, which may not exceed EUR 250 per day and EUR 100 000 per tax year.
- If he does not transmit data relating to payroll, depreciation, and other income and expense settlement entries for the purposes of determining the accounting and tax result, or does not transmit, as an invoicing issuer or as a self-billing recipient, ratings of income data with the result that these classifications are not included in his income tax return, he shall be fined EUR 250 per tax year for each infringement, in the case of a person obliged to maintain a simplified accounting system, and a fine of EUR 500 per tax year for each infringement, in the case of a person obliged to maintain double-entry accounting.
- If the issuer sends a summary of the document issued following transmission of an omission or deviation by the recipient, if the initial value transmitted is less than the actual value, a penalty equal to 5% of the net value of each non-transmitted item will be applied.
- If it fails to transmit digital movement documents, the fine amounts to €100 for each non-transmission violation, which cannot exceed €500 on a daily basis and €20,000 per tax year.
- If he does not transmit another receipt, return, or order document, a fine of EUR 100 is imposed for each breach of non-transmission.
- No fine will be imposed if the revenue document to which the other collection documents relate has been issued before each tax inspection.
- In case of late transmission of the above data, a fine equal to 50% of the corresponding fine provided for in case of non-transmission shall be imposed.
- If the same infringement is committed within 5 years of notification of a fine, the fines are doubled, and for each new infringement within the five-year period, they are quadrupled up to a limit of EUR 100 000 per tax year.
Other news from Greece
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
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
Inspections in by AADE have started – what types of businesses do they affect in Greece?
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
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
Greece's Tax Code Update: Digital Reporting Frees Certain Businesses from the Burden of Paper Administration
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
Greece's digitalization initiative is paving the way for a more efficient and transparent tax system, liberating small businesses from the burdens of traditional bookkeeping. Under the so-called reducing bureaucracy with the new Tax Procedure Code initiative, the Press Office of the Ministry of National Economy and Finance announced a press release with certain tax changes to the mentioned Tax Pro... Read more
In Greece, myAADEapp is the new application for direct and easy access to digital services from a mobile device.
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
The myAADEapp, a new innovative application of the Independent Authority of Public Revenue for mobile devices, was presented to the public by the Governor of AADE. MyAADEapp offers AADE's digital services to citizens and businesses at any time, wherever they are, through their mobile phones, also acting as a tax agenda, informing them about their tax obligations, and allowing them to download and... Read more
Deadline extension for Greek businesses to adopt upgraded solutions until late March
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
The Greek government has extended the deadline for businesses to declare their transition to the new, optional, all-in-one POS solutions to March 29, 2024. Further information is outlined below. It is noted by an AADE Press release that the deadline is postponed until March 29, 2024, for those businesses wishing to declare to the POS Registry that they are going to replace their cash register wit... Read more
AADE: The Greek platform for registering appointments for the cashier-POS interconnection is in operation.
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
On Friday, March 15, 2024, by the decision of the Governor of AADE, George Pitsilis, the Register of Technical Support Services was put into operation. FIM installation and support technicians should register on this platform for the scheduled appointments with businesses that are obliged to interconnect their cash systems with POS. The deadline for the declaration of scheduled appointments that... Read more
The last extension of the POS-cash register interface in Greece
Greece
Author: Kristina Dosen
The following announcement was issued by the Press Office of the Ministry of National Economy and Finance. The extension for 1+1 month was decided by the leadership of the Ministry of National Economy and Finance and AADE to complete without technical problems the major project of interconnecting POS with cash registers. Read more