What are Greece's VAT return requirements under MyDATA?
Effective: 2014-01-01 · Authority: AADE (Anexartiti Archi Dimosion Esodon)
Greece's VAT returns (Deloseis FPA) are submitted electronically through the AADE portal. MyDATA data pre-fills VAT return summaries. Businesses must reconcile MyDATA invoice records with their accounting books before finalizing returns. Monthly VAT returns are required for large businesses; quarterly for most others.
How must businesses reconcile MyDATA with VAT returns?
Businesses must ensure that invoices reported to MyDATA match the VAT figures in their periodic returns. Discrepancies between MyDATA records and VAT return data may trigger AADE audit attention. Accounting software increasingly automates the MyDATA-to-return reconciliation process.
Frequently Asked Questions
- What is Greece's standard VAT rate?
- Greece applies a standard VAT rate of 24 percent, a reduced rate of 13 percent for food, non-alcoholic beverages, and certain services, and a super-reduced rate of 6 percent for medicines, books, and theater. Island communities benefit from VAT reductions of up to 30 percent on standard goods.
- Can MyDATA data be corrected after submission?
- Yes. Businesses can submit corrective records to MyDATA for invoices already transmitted. Corrections use specific record types that reference the original submission. MyDATA maintains a complete audit trail of original and corrective records.
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