The series of businesses that do not “trouble” the tax authorities with the “charter”, came after rewarding the consistent taxpayers who created debts faced with the twin crises of the pandemic and energy.
The Ministry of Finance has decided to extend for 2023 all the benefits enjoyed by companies and businesses that issue their invoices exclusively electronically and then transmit them to the myDATA digital platform. The relevant regulation is provided for in the bill of the Ministry of Finance under discussion in the Parliament. In addition to being rewarded of course, the regulation is also an attempt to attract even more to the world of electronic invoicing and issuance of certificates.
Therefore, based on the proposed regulation, the entities that will exclusively choose digital document issuance services have until June 30 to do so, so that there is sufficient time to familiarize themselves with the new reality. If they do, the benefits that are activated are the following:
– The time period within which the Tax Administration can issue an act of administrative or corrective tax determination is reduced from 5 to 3 years. In addition to the issuer of the electronic invoice who wins by 2 years, the recipient also has a benefit of 1 year for which the limitation period is reduced from 5 to 4 years.
– The tax refund is accelerated as the period during which the tax authorities consider the request for a tax refund is reduced from 90 to 45 days. It is understood that the request concerns the years in which electronic invoicing was implemented.
– The expense for the purchase of the technical equipment required for the implementation of electronic invoicing is fully amortized and doubled – within the year of its realization. The measure only applies to publishers.
– In addition, the expense to be deducted from the gross income from business activity, which is made for the production, transmission and electronic filing of electronic invoices for the first year of issuing documents through electronic invoicing, is doubled.
The measure was activated for the first time in 2020 and according to the data of AADE, the so-called electronic books are used by approximately 1.2 million businesses. During this time, until today, approximately 1.9 billion documents with a total value of almost €1.3 trillion have been transferred to myDATA.
Source: skai.gr
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**Interview with Dr. Elena Papadopoulos, Economic Analyst and Tax Policy Expert**
**Editor:** Thank you for joining us today, Dr. Papadopoulos. We appreciate your insights on the recent developments concerning the tax reform by the Ministry of Finance.
**Dr. Papadopoulos:** Thank you for having me. It’s a pleasure to discuss this important topic.
**Editor:** The Ministry of Finance has decided to extend benefits for businesses that issue electronic invoices. What are the key advantages of this move for companies?
**Dr. Papadopoulos:** The extension of benefits is significant for several reasons. Firstly, it provides financial relief to companies that have been struggling due to the pandemic and energy crises. By rewarding consistent taxpayers who transition to electronic invoices, the government aims to ease their tax burdens, which can help them manage their debts more effectively. Secondly, electronic invoicing improves efficiency and reduces errors, which ultimately benefits both the businesses and the tax authorities.
**Editor:** You mentioned that this is also an attempt to attract more businesses to electronic invoicing. What are some of the compelling reasons for businesses to adopt this method?
**Dr. Papadopoulos:** Absolutely. One compelling factor is compliance. Businesses that use electronic invoicing ensure they meet tax regulations, which helps them avoid potential penalties. Additionally, the myDATA digital platform simplifies the tracking of transactions for businesses and tax authorities alike, promoting transparency. Companies also save time and resources by automating invoice processes, which allows them to focus more on their core operations.
**Editor:** What challenges do businesses face in transitioning to electronic invoicing, and how might the government address these concerns?
**Dr. Papadopoulos:** Transitioning to electronic invoicing can be daunting for some businesses, particularly smaller firms that may lack the necessary technology or digital skills. To address this, the government could provide training sessions, resources, and possibly even financial incentives for small businesses to adopt this technology. Ensuring that the infrastructure is user-friendly is crucial for widespread acceptance.
**Editor:** Looking ahead, how do you see the future of tax reporting evolving with these changes?
**Dr. Papadopoulos:** I believe we will see a significant shift towards digitization in tax reporting. As more companies embrace electronic invoicing, it will likely lead to enhanced data collection for the government, resulting in better policy-making and resource allocation. The efficiency gained from a digital system could create a more robust economic environment, ultimately benefiting all stakeholders involved.
**Editor:** Thank you, Dr. Papadopoulos, for your insightful perspectives on these important developments in tax policy.
**Dr. Papadopoulos:** Thank you for the opportunity to share my thoughts. It’s an exciting time for tax reform, and I look forward to seeing how these changes unfold.
