
Tax authorities in Greece have launched sweeping inspections to detect businesses and professionals that failed to comply with the new transaction regulations provided in Greek law.
The new obligations include the installation of point of sale (POS) systems and their integration with cash registers, “smart” cash registers in the food service sector, and the IRIS instant payment system.
The Independent Authority for Public Revenue (IAPR) is primarily targeting cash registers and POS system interconnectivity to determine businesses that have not completed requisite integration or instances of pirated software, issuing receipts that do not show up on the myDATA platform.
The auditing teams of the tax authorities in Greece will focus on farmers’ markets, but mostly on taxi drivers, who are obligated to accept card payments but often resort to various tricks and excuses to receive cash instead.
Taxi drivers are obligated to place a special visible adhesive sticker with the following information:
The cab driver is required:
- To issue a receipt at the end of the ride.
- To accept card payments.
The customer is NOT required:
- To pay in cash.
- Failure to comply will result in a €1,000 fine from AADE or the Consumer Protection Authority.
Inspectors will also target professionals who lack a business account and, therefore, have not activated the IRIS instant payment system. The deadline to activate IRIS passed on September 2nd. A fine of €1,500 will be imposed on those who have not registered for IRIS.
Meanwhile, a legislative provision submitted to Parliament introduces hefty fines of up to €100,000, VAT suspension, and closures of up to two years for providers of electronic invoicing services.
IAPR is authorized to suspend VAT numbers in cases of insolvency or serious tax violations will be extended to include cases of violations or interference with the operation of electronic invoicing service providers.
Source: tovima.com


Latest News

Stirring 86th Greek Independence Day Parade Down 5th Ave. Evangelos Marinakis an Honorary Grand Marshal
According to NYPD sources, the 2025 parade is expected to be one of the biggest in recent memory, with some 120 groups with 52 floats and 15 marching bands paraded from 64th to 79th streets along renowned Fifth Avenue

PM Mitsotakis Highlights Chevron’s Interest in Greek EEZ in Weekly Review
“The interest from Chevron is important because a leading American multinational chooses to invest in Greek maritime plots, thus practically recognizing Greece's EEZ in the area,” the prime minister said.

PM Mitsotakis Visits Israel for Talks on Defense, Energy, and Stability
According to sources, the meetings will cover bilateral collaboration as well as regional developments, particularly in the Eastern Mediterranean and Syria.

Pyatt stresses major Greek role in regional energy map, importance of ongoing Greek-Turkish talks
The former US Assistant Secretary of State foe Energy Resources passionately underlines importance of NATO and America's Global Alliances for US security

Applications for Child Benefit Open Again
The electronic platform for submitting Child Benefit applications, A21, will re-open at 08:00 on Monday, March 31, 2025.

Ellinikon Redevelopment Advances: Key Projects on Track
Spanning 17,000 square meters, the shopping center has already leased out 75% of its space, with an average rental price of 85 euros per square meter.

Aid Arrives as Myanmar Struggles with Earthquake Aftermath
Aid is starting to arrive after the powerful 7.7-magnitude earthquake which struck central Myanmar on Friday, causing widespread devastation and claiming over 1,000 lives.

Over 60% Greeks Own a First Home, 39% a 2nd Home: European Report
The responses from 20,000 European adults who participated in the “RE/MAX European Housing Trend Report 2024,” conducted by Opinium Research for RE/MAX Europe, highlight the evolving expectations for residential spaces

Europe’s Economic Outlook Brightens, But Caution Remains, Says Citigroup
Citi forecasts a slight increase in growth from 0.8% in 2024 to 1% this year, with further acceleration slightly above potential in 2026-27.

Greece Fast-Tracks Chevron’s Offshore Entry, Eyes Third Player
Chevron has formally expressed interest in the offshore area "South of the Peloponnese" and, as of March 26, also for blocks "South of Crete I" and "South of Crete II."