Tax office enters digital age

Businesses that fail to replace their old cash registers with a machine from a list of 179 models by June 1 will face fines of 500 euros per tax audit, according to the Independent Authority for Public Revenue (IAPR).

The move comes as part of the bid by IAPR to directly link cash registers to the Taxisnet system so that the tax authorities can see transactions taking place in real time.

According to IAPR head Giorgos Pitsilis, 2020 is the year of digital change.
More specifically, within the current year, tax authorities will proceed with a long list of changes, including the enabling of electronic invoicing.

Indeed, the decision on the e-invoice format and e-invoicing providers is in the process of being signed.
Moreover e-books will be activated, with much of the business world having already been informed of the changes that will be made.
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