09.08.21

Upcoming MyData changes

Greece is looking to implement a phased roll-out of its upcoming e-invoicing MyData changes, starting on 1^st September 2021. As a reminder, e-invoicing in this context refers to the connection of a certified e-invoicing certified service provider to the MyData platform. Tungsten does not meet the requirements for a certified provider, so we are requesting that suppliers attach their legal invoice to our Tungsten solution as we won’t be able to create the legal artefact for suppliers once the changes take effect.

Here are some key dates to watch out for:

• 1 September 2021: Companies will proceed on a phased basis from this date around the electronic transmission to MyData and the interconnection specifically of cash registers with Greek electronic system. This will be based on the type of their accounting books and annual revenues;
• 1 October 2021: The mandatory transmission of business documents to the MyData platform becomes mandatory;
• From 1 October 2021 onwards, the following businesses must send their accounts receivable documents (i.e. invoices) which they issue:
  • Businesses with double-entry accounting books with a turnover of over € 50.000.
  • Businesses with single-entry accounting books with a turnover of over € 100.000.
• 1 November 2021: all other companies must submit their invoices.

The Greek MyData changes have been delayed multiple times already. So far we have not heard anything to indicate that these changes will not be going ahead on 1 September 2021. We will keep you updated.