Reducing the statute of limitations tax cases for one or two years, depending on the circumstances, faster tax refunds and 100% depreciation for the supply of technical equipment and software are provided for in the draft law of the Ministry of Finance on enterprises which produce exclusively electronic invoices them that are transmitted myDATA digital platform.

In fact, the economic composition of the government for another year extends the tax benefits provided for enterprises and professionals using electronic invoicing in your transactions.

As Article 30 of the bill emphasizes, “the negative impact of the COVID-19 pandemic, which has affected the deregulation of the country’s socio-economic life, has slowed down the smooth transition to the exclusive use of electronic invoicing through the service providers electronic version elements by providing the benefits of the current position.”

Therefore, by expanding the implementation of incentives, the government and AADE the goal of a smooth transition of enterprises to a new electronic way of invoicing and documents. Specifically, and pursuant to a new provision included in the Treasury Composite Bill, the exemptions under Section 71F of the Income Tax Code are being extended for the tax year 2023 to enable businesses and freelancers to choose to use the exclusive use of e-invoicing using the services of e-issuance providers. data.

In particular, for 2023, the deadline for familiarizing businesses and professionals with e-invoicing has been extended, with June 30, 2023 as the deadline for this year. For those who choose e-invoicing, they have additional benefits such as:

• The statute of limitations for tax cases has been reduced to three years for companies that have chosen electronic invoicing through an electronic data provider as their issuance method, and to four years for a recipient.

Tax incentives have been extended for another year.

• The cost of the initial supply of technical hardware and software required for the implementation of electronic invoicing is fully amortized in the year of implementation, increased by 100%.

• The cost of producing, transmitting and electronically filing e-invoices for the first year of e-invoicing sales documents is increased by 100%, which is recognized as a deduction from gross business income.

• Establish forty-five days for tax refund requests relating to a fiscal year or fiscal years for which issuers select and use exclusively electronic invoicing.

It is noted that the measure was first activated in 2020 and, according to AADE, to date, 1,895,002,822 documents have been transferred to myDATA for a total of 1.29 trillion. euros from over 1.18 million businesses and professionals using myDATA eBooks.

In the meantime, AADE Commander Giorgos Pitsilis has decided on the technical requirements and timelines for the modernization of approximately 300,000 existing tax cash registers (FTMs) and ADIMEs (autonomous fiscal accounting units). Upon completion of the upgrade, existing VAT and ADIME terminals will be able to interact with payment card terminals (EFT / POS) to transfer the payment amount to this card and at the same time provide the issuance of the corresponding check.

For companies with a turnover of up to 100,000 euros, the renewal deadline is 06/30/2023, and for companies with a turnover of more than 100,000 euros – 31/07/2023.