Alper Aladag
Jan 27, 2025
Mandatory B2B E-Invoicing in Greece: Upcoming Implementation
Greece will mandate e-invoicing for B2B transactions starting July 1, 2025, following EU authorization on January 13, 2025. The mandate applies to entities in Greece, requiring compliance with the European Standard EN 16931, while exempting foreign companies.
Transactions must be reported in real-time via the myDATA platform. This aligns with Greece’s digital transformation strategy, enhancing tax compliance and reducing VAT fraud. Businesses should prepare early to ensure compliance and leverage process efficiencies.
Please, see the details below :
Implementation Date:
Mandatory B2B e-invoicing begins on July 1, 2025.
Authorization:
Approved by the European Commission on January 13, 2025.
Scope:
Applies to B2B transactions between entities established in Greece.
Excludes companies not established in Greece, even if VAT-registered.
Compliance Requirements:
E-invoices must follow the European Standard EN 16931.
Real-time reporting through the myDATA platform becomes mandatory.
myDATA Platform Overview:
Already supports digital reporting for income and expense transactions.
Covers B2B, B2C, and B2G segments, ensuring comprehensive VAT compliance.
Strategic Goals:
Enhance tax compliance and transparency.
Reduce VAT fraud and administrative burdens.
Support Greece’s digital transformation initiatives.
Business Impact:
Businesses operating in Greece should prepare early by adopting compliant e-invoicing systems to avoid disruptions and leverage the benefits of a streamlined tax process. For any needs or questions about Greece’s e-invoicing solutions, contact us anytime.