Thursday, September 25
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Economy

Greece is accelerating its move to electronic invoicing, and businesses and freelancers who switch early will benefit from attractive tax incentives. What’s happening and when – Electronic invoicing for B2G transactions (Business-to-Government) has been in effect since September 1, 2025, meaning invoices issued to public-sector bodies must be sent via certified providers and linked to the myDATA platform (AADE). – The wider rollout to businesses will happen in two phases: first for companies with annual turnover of €200,000 or more, then for smaller firms. – Firms and self-employed professionals who join the new system within two months of the official launch announced by the Independent Authority for Public Revenue (AADE) will qualify for special tax incentives. Main tax incentives – Initial purchases of technical equipment and software needed to implement electronic invoicing can be fully expensed in the year of purchase — with an additional 100% uplift applied (i.e., extra tax-deductible enhancement in the year of investment). – Costs related to producing, transmitting and electronically archiving e-invoices during the first calendar year of e-invoicing are deductible from gross business income and are likewise increased by 100% in the year they’re incurred. Why this matters – Electronic invoicing is a key tool against tax evasion: it makes issuing fake or phantom invoices far more difficult and improves traceability. – According to the European Commission, linking invoices directly to digital reporting platforms like myDATA provides fast, high-quality data that helps tax authorities spot non-submission or inaccurate VAT filings more quickly, and combat cyclical fraud schemes (European Commission). – For businesses, the system reduces data-entry errors, lowers administrative burdens, and helps produce pre-filled VAT returns more easily — simplifying compliance and saving time. Who benefits – Larger companies required to adopt first will immediately start contributing to cleaner, more transparent transaction records. – Smaller firms and freelancers gain both compliance advantages and the short-term tax incentives if they adopt early, easing the upfront costs of digital transition. In short, Greece’s electronic invoicing initiative aims to modernize tax reporting and stamp out invoice fraud — while offering meaningful, time-limited tax relief to those who move quickly to adapt.

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