Fiscal subject related
Other news from Greece
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
A proposal for VAT in the digital age (ViDA) has been approved.
The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud. ViDA introduces key measures like Digital Reporting Requirements (DRR), VAT collection for the platform economy, and expanded Single VAT Registration, with implementation planned from 2027 to 2035. Businesses must prepare... Read more
Electronic payments increase in Greece due to taxation projects in the past year
In Greece, electronic payments surged in the past year due to initiatives like the interconnection of POS systems with cash registers to combat tax evasion, resulting in a 10.3% increase in VAT revenues in the first half of the year. Let's find out more on the observed increases! Read more
Further clarifications on tip taxation in Greece
Starting November 1, Greece will make tips up to 300 euros per month tax-free for catering and personal care workers, with any amount above this threshold subject to tax. Tips paid electronically will be automatically reported by employers as additional income, exempt from insurance contributions, and taxed if they exceed the monthly limit. Recent clarifications on tip taxation in Greece have been... Read more
Greek authorities announce clarification on taxation of tips effective November 1st.
Following the Greek Supreme Court decision, the Greek Ministry of National Economy and Finance has announced a significant change in the taxation of tips, effective from November 1, 2024. Here is what is about to come soon! Read more
Greek Tax Authority has published a Press Release – a reminder for compliance of payment systems and tax mechanisms
The Independent Public Revenue Authority (IAPR) as the Greek Tax Authority proceeded to send over 50 thousand reminder e-mails to professionals and businesses that have not yet completed the interconnection of their cash systems with the EFT-POS they have. In the Press Release, the obligated subjects are informed that: The deadline for the link expires on September 30. The fine for not linking... Read more