MANDATORY GREEK E-INVOICING AS FROM 2020
As announced on 23 April 2018, Greece is planning to introduce a mandatory real-time reporting of invoices as from 2020 onwards.The Greek Ministry of Finance wants to start with a testing group of all invoices issued to public entities (B2G invoicing) and issued to Limited Liability companies. These invoices must be submitted to the Greek tax authorities in a standard, yet not defined format, starting on 1 January 2019. In the next step, as from January 2020, all taxable persons will be obliged to issue their invoices electronically and submit them directly to the tax authorities.
The implementation of a standard, mandatory electronic invoice submission in real-time yet needs to be approved by the European Union, similar to the case of the Italian electronic invoicing. We have not yet received information on whether non-established companies registered for VAT in Greece should also comply with the mandatory e-invoicing as from next year.
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e-Invoice is a type of invoice issued on electronic environment having the same features with printed invoice.
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