In November the first pre-filled VAT return

In November the first pre-filled VAT return
In November the first pre-filled VAT return

By Prokopis Hadjinikolou

The practices of European countries are adopted by the tax administration and starting from November the pre-filled VAT returns. The development is particularly important as it reduces costs for businesses, while at the same time the tax office will know exactly what it has to collect from VAT every month. Also, tax evasion and delays in the repayment of invoices by many businesses will be significantly reduced.

As reported by the Ministry of Finance, the pre-filled declarations will be posted on the personal account of businesses and professionals, on the AADE website. Electronic ledgers enable the tax administration to know all the income and expenses of businesses. Businesses will, however, be able to amend the pre-filled declaration if they do not agree with the information. This means that the VAT return will not be locked, but will be able to be managed by the accounting offices of the businesses as they are responsible for the submission.

According to data from AADE, 1,062,187 companies now use electronic books, the turnover since the beginning of the use of myData exceeds 688.6 billion euros and 1.1 billion documents have been issued. It is noted that in 2021, 832,000 MYF were submitted, a development that shows the universality in the use of electronic books.

There is great interest from businesses and professionals in the free application of AADE timologio. So far, 201,188 businesses and professionals have registered by issuing their invoices electronically, which are simultaneously registered in myData.

It is noted that businesses that use tax mechanisms transmit their information to the tax office within the day. This development enables AADE’s services to know in real time (live) when a transaction took place. Some companies already send the documents by the hour, while most every 24 hours. Specifically, at the present stage catering businesses, which have 110,000 cash registers, send receipts every 3 hours, petrol stations, which have 13,500 cash registers, every 1 hour. In fact, the fuel stations in the data they send indicate the quantity and type of fuel, data that make it easier for the Ministry of Finance to know fuel consumption and to plan its policy, in this difficult time.

The rest of the companies send the data every 24 hours, with the publication of the daily aggregated movement (known as “Z”). The goal of AADE, in collaboration with the General Secretariat of Information Systems, is for the transmission to take place every 10′ to 15′.

It is noted that from January 2023, the interconnection of tax mechanisms with POS will begin. The interconnection is necessary to ensure the issuance of tax transactions through card payment for their effective tax monitoring and the reduction of tax evasion.

The interconnection of cash registers with POS is estimated to limit the possibilities of tax evasion and VAT losses. From the controls carried out by the control mechanism it has been found that many businesses in the transactions they have with their customers with credit or debit cards do not issue the retail receipt. That is, while the POS accepts the transaction, the shopkeeper either does not cut a receipt at all or issues a receipt but with a small amount.

The article is in Greek

Tags: November prefilled VAT return

PREV The new Greek ship that will transport 4,900 cars
NEXT It presents the first production car with a jet engine