Cash registers – MyData interface: the law goes into effect on September 1st

Tue 31 Aug 2021

On September 1st, the mandatory transfer of sales invoices of businesses to the myData electronic platform and the interconnection of cash registers with the Independent Authority for Public Revenue (IAPR) goes into effect.

 

In case of credit or debit transactions, the State shall collect the VAT, corresponding to the receipt or the invoice, in real time.

In case the transaction is made in cash, then the interconnection of the cash register with the bank account of the company will allow the next day the transfer of the amount, corresponding to the VAT regarding each receipt.

 

The data that will be transmitted are the following:

a) VAT of the publisher
b) Type of Retail Source Document
c) Serial number of Retail Source Document
d) Date and time of issue
e) VAT rate
f) Total value of the Source Document
 

Implementation schedule:

A) From 01/09/2021, those, according to Business Activity Code (in Greek KAD), that were not affected by the pandemic and the tax year 2019, had gross income over € 100,000.
B) From 01/10/2021, those, according to Business Activity Code (in Greek KAD), that were not affected by the pandemic and the tax year 2019, had gross income up to € 100.000.
C) From 01/11/2021, the rest of businesses. On the same date are included the companies that are either obliged to use a cash register [Electronic Tax Register System (ETRS)] or use optional ETRS and have started operations from 01/01/2020 until 01/09/2021, as well as companies whose tax year ends on a different date than the usual of 31/12.

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