Gov’t switching required business paperwork to online tax platform on test basis
The Finance Ministry will test run the input of all business and freelance finances directly to the electronic tax database, doing away with physical book-keeping, in the last quarter of 2019, officials said on Thursday.
At a press conference, Finance Minister Christos Staikouras, Deputy Minister for taxes and state assets Apostolos Vesyropoulos and head of the Independent Authority for Public Revenue (AADE) Giorgos Pitsilis said that the process would go fully online as of 2020.
This would reduce administrative costs for businesses, do away with the required annual lists of suppliers and clients filed with tax services, and accelerate the return of taxes to businesses, Staikouras said. The measure is targeting tax evasion, he said.
The new system was posted for public consultation on the AADE’s page as myDATA, or Digital Accounting and Tax Application. The consultation will be available until September 6, 2019, and comments may be sent to [email protected], the revenue authority said.
You may be interested
Turkish High Court ruling paves way for Hagia Sophia to be converted into Mosquemakis - Jul 10, 2020
The Turkish Supreme annulled the 1934 decision by which the then Turkish government turned the Hagia Sophia in Constantinople into…
Paros is the best island in Europe for 2020: Travel + LeisurePanos - Jul 09, 2020
The Greek island of Paros is the best island in Europe, according to Travel + Leisure. The well-known travel magazine…