From today, 1 November, electronic books are compulsory for all businesses, freelancers and self-employed persons.
From now on, through the myDATA platform, hundreds of thousands of taxpayers will have to transmit their invoices to the Independent Authority for Public Revenue.
It should be noted that, already from 1 October, this happens for businesses with double-entry books and turnover over 50,000 euros and for businesses (natural and legal persons) with single-entry books, with turnover over 100,000 euros.
In order to facilitate freelancers and micro-enterprises, AADE has activated the timologio application of AADE, which offers the possibility of issuing documents digitally, with simultaneous transmission to myDATA. More than 10,000 professionals have registered in the electronic application and the number is increasing daily.
myDATA is the new electronic platform, with which the AADE introduces electronic books in the everyday life of businesses. The E-books of the Hellenic Tax Administration constitute a very important step in the digital transformation of the Tax Administration and its relationship with businesses. The primary objective is to serve businesses by providing a digital platform for fulfilling their tax obligations, which will lead to the automation of the completion of tax returns and will relieve them of obligations they currently have, such as the submission of Customer-Supplier Statements (CSRs).
Together with the reduction of administrative costs for businesses, the AADE's electronic books enhance the transparency of transactions, offering a digital environment for businesses to collaborate on the invoicing of goods and services.. They also establish credibility in the relationship between the Tax Administration and businesses and act as a mechanism for voluntary compliance and prevention of tax evasion and smuggling, as well as facilitating prudent businesses to refund the taxes to which they are entitled.
Before the mandatory transmission of revenue invoices to the myDATA platform, professionals should be aware of the following:
1. In the myDATA platform are transmitted mandatory revenue documents.
2. Revenue documents issued from 1 January 2021 to 1 October 2021 or 1 November 2021, transmitted on the platform of the Hellenic Administration of Taxes until 31 March 2022.
3. For the year 2021, no fines and penalties are foreseen in case of non-transmission of data. By the end of the year, the Ministry of Finance is expected to submit to Parliament a legislative provision setting out the fines that will be imposed in case of non-compliance with the law.
4. For the transmission of documents, the application «timologio» for electronic bookkeeping can be used free of charge by freelancers and small businesses, who do not have a computerized system for issuing and transmitting documents in myDATA or their system does not cover their daily needs.
5. Through the «timologio» app, by following some simple steps, professionals and businesses can:
shape their profile,
to make up their clientele,
organise the products and services they charge for; and
issue and save in pdf format all kinds of documents (invoices, receipts, etc.).
6. By issuing the documents through «timologio», the application simultaneously and automatically sends the summary of each transaction to myDATA (income) of the professional and myDATA of the client company (expenses).
7. The professional is solely responsible for the truth and accuracy of the documents issued.
8. The timologio.gr application does not send the issued documents to the recipient. Their dispatch remains the responsibility of the user of the application.
