Greece is counting down to more “Big Brother” style measures as from next spring no business or freelancer will be able to make a payment via POS without first issuing a receipt from the cash register.
2023 is a milestone year for the implementation of the interconnection of cash registers with POS, while it is estimated that the mandatory installation of POS will be implemented in almost all sectors of freelancers and businesses.
Gradual implementation
The Tax Authority’s plan foresees that from next spring, the gradual implementation of the interconnection of the cash registers with the POS and their connection with the Indepemdemt Public Revenue Authority-AADE electronic systems will begin. This means that the amount and time of issuance of receipts and the method of payment by the customer will be checked online.
That is, according to the design of AADE, cash registers and POS essentially become an instrument for the complete recording of all data in real time and there is the possibility of direct cross-checking by the control mechanisms.
Cash registers and POS will not work autonomously for debit transactions, i.e. for card payments, the payment amount will not be allowed to be typed into the POS. The amount will come out of the cash register.
It should be noted that with two decisions signed by the governor of AADE Giorgos Pitsilis at the end of 2022, technical specifications for two new types of Tax Electronic Mechanisms are defined, while at the same time the interface specifications between cash registers and POS are improved.
What changes?
The tax authorities will have insight into the amount and time of issuance of retail sales receipts and the method of payment by the customer. Cases of income concealment and VAT theft by those who do not issue receipts will be detected.
From the checks so far it has been found that many businesses in their transactions with customers, although they use credit or debit cards, do not issue the retail receipt.
Although the POS accepts the transaction, the shopkeeper either does not cut a receipt at all or issues it with a smaller amount. For card payments it will not be allowed to type the payment amount into the POS. However, the amount will come out of the cash register.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Amendment suspends building activity on Mykonos in areas outside town planning zones, following last week’s assault on archaeologist
Additionally, and even more importantly, an amendment passed in Parliament on Tuesday suspends all building activity on Mykonos in areas outside of town planning (zoning) areas
Titan cement group reports 33.1-percent increase in 2022 sales
Titan Group reported a 33.1-percent increase in 2022 sales, reaching 2.282 billion euros
Renewable energy source power production in Greece exceeds 10GW in early 2023
Power production from renewable energy sources in Greece exceeded the 10GW-threshold in early 2023
Inaugural drone cargo shipment to Greek isle on the horizon
According to reports, the inaugural flight will take place with the large Cyclades isle of Naxos
PM Mitsotakis gives first interview after Tempi rail disaster, promises in-depth reform, restructuring; elex in May
The videotaped interview was given to a former political rival, journalist and TV presenter Stavros Theodorakis
Reports: Thrivest to participate in Attica Bank share cap increase
If the strategic plan pans out, a newly capitalized and merged Attica Bank will emerge
Gov’t pledges to restore theft of rail infrastructure to felony status; sharp criticism of previous SYRIZA revisions
Minister Costas Tsiaras said upgraded offenses will include the illegal practice of fencing of stolen rail infrastructure
Partial restart of rail service in Greece on Wed. with stepped up security, staffing in place
The first train to run after the Feb. 28 train collision in north-central Greece will cover a very short route from the main station in Athens to the small town of Inoi
Providers announce significantly lower power rates in Greece for next month
Electricity prices are currently hovering at 15 to 16 cents per KWh
ΒοG. Gov Stournaras: Greek banks now more durable in the face of int’l turbulence; abundant liquidity, improved balance sheets
The influential Greek central banker said financial institutions in the country have now recorded “significant progress”
