{"id":34283,"date":"2023-04-10T10:11:12","date_gmt":"2023-04-10T10:11:12","guid":{"rendered":"https:\/\/staging.qbc.gr\/?p=34283"},"modified":"2023-04-10T10:25:28","modified_gmt":"2023-04-10T10:25:28","slug":"electronic-invoicing-tax-incentives","status":"publish","type":"post","link":"https:\/\/staging.qbc.gr\/en\/electronic-invoicing-tax-incentives\/","title":{"rendered":"Electronic Invoicing &#8211; Tax Incentives"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<img class=\"alignleft wp-image-34284 size-full\" src=\"https:\/\/staging.qbc.gr\/wp-content\/uploads\/2023\/04\/Electronic-Invoicing-Tax-Incentives.png\" alt=\"Electronic Invoicing - Tax Incentives\" width=\"1200\" height=\"630\" srcset=\"https:\/\/staging.qbc.gr\/wp-content\/uploads\/2023\/04\/Electronic-Invoicing-Tax-Incentives.png 1200w, https:\/\/staging.qbc.gr\/wp-content\/uploads\/2023\/04\/Electronic-Invoicing-Tax-Incentives-300x158.png 300w, https:\/\/staging.qbc.gr\/wp-content\/uploads\/2023\/04\/Electronic-Invoicing-Tax-Incentives-1024x538.png 1024w, https:\/\/staging.qbc.gr\/wp-content\/uploads\/2023\/04\/Electronic-Invoicing-Tax-Incentives-150x79.png 150w, https:\/\/staging.qbc.gr\/wp-content\/uploads\/2023\/04\/Electronic-Invoicing-Tax-Incentives-768x403.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 14pt;\">According to the new proposal, companies can benefit from tax incentives for the implementation of electronic invoicing for the year 2023 as well.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u03a0\u03b5\u03c1\u03b9\u03b5\u03c7\u03cc\u03bc\u03b5\u03bd\u03b1 \u0386\u03c1\u03b8\u03c1\u03bf\u03c5<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ad912d04034d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ad912d04034d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/staging.qbc.gr\/en\/electronic-invoicing-tax-incentives\/#Purpose_of_electronic_invoicing\" >Purpose of electronic invoicing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/staging.qbc.gr\/en\/electronic-invoicing-tax-incentives\/#Electronic_Invoicing_%E2%80%93_Tax_Incentives\" >Electronic Invoicing \u2013 Tax Incentives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/staging.qbc.gr\/en\/electronic-invoicing-tax-incentives\/#Electronic_Invoicing_Timetable\" >Electronic Invoicing Timetable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/staging.qbc.gr\/en\/electronic-invoicing-tax-incentives\/#How_can_QBC_help_you\" >How can QBC help you?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Purpose_of_electronic_invoicing\"><\/span><span style=\"color: #d4663e; font-size: 16pt;\"><strong>Purpose of electronic invoicing<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 14pt;\">As part of the country&#8217;s digital transformation, electronic invoicing (eInvoicing) automates, simplifies, and speeds up procedures, minimizes the risk of entering incorrect data into the respective information system and facilitates the fight against tax evasion.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; color: #000000;\">Electronic invoicing aligns the country&#8217;s companies with the guidelines of the European Commission and with the &#8220;VAT in the Digital Age&#8221; initiative and pillar 1 &#8220;Digital Reporting Requirements and Electronic Invoicing&#8221;.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/6&#8243;][vc_single_image image=&#8221;32837&#8243; alignment=&#8221;right&#8221;][\/vc_column][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Article to read:<\/p>\n<p><a href=\"https:\/\/staging.qbc.gr\/en\/debra-directive-eu-tax-incentives-for-equite-financing\/\"><span style=\"color: #005550;\"><span style=\"font-size: 18.6667px;\"><b>DEBRA Directive EU &#8211; Tax Incentives for Equity Financing<\/b><\/span><\/span><\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Electronic_Invoicing_%E2%80%93_Tax_Incentives\"><\/span><span style=\"color: #d4663e; font-size: 16pt;\"><strong>Electronic Invoicing \u2013 Tax Incentives<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 14pt;\">For the greater adoption of e-invoicing by companies through the relevant provisions of the tax legislation, the incentives of reducing the statute of limitations for open tax cases, refunding taxes within 45 days, doubling the value, and deducting the costs associated with electronic invoicing from gross business income.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #005550; font-size: 14pt;\"><strong>Tax Assessment Deadline<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; color: #000000;\">The period within which the Tax Administration can issue an act of administrative, estimated, or corrective tax assessment is <\/span><span style=\"color: #000000; font-size: 14pt;\">set at three (3) years out of the five (5) which is the general limitation period.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph; line-height: 150%; margin: 0cm 0cm 8.0pt 0cm;\"><span style=\"color: #005550; font-size: 14pt;\"><b><span lang=\"EN-US\" style=\"line-height: 150%; font-family: Roboto; background: white;\">Tax Refund Deadline<\/span><\/b><\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph; line-height: 150%; margin: 0cm 0cm 8.0pt 0cm;\"><span lang=\"EN-US\" style=\"font-size: 14pt; line-height: 150%; font-family: Roboto; color: #000000; background: white;\">The deadline for tax refund requests, which relate to the tax year or years for which issuers choose and apply electronic invoicing exclusively, is set to 45 days, down from 90 days. The 45-day deadline also comes into effect in the case of the calculation of interest payment to the taxpayer, who pays tax unnecessarily.<\/span><\/p>\n<p style=\"line-height: 150%;\"><span style=\"color: #005550; font-size: 14pt;\"><b><span lang=\"EN-US\" style=\"line-height: 150%; font-family: Roboto; background: white;\">Additional Tax Discount 1<\/span><\/b><\/span><\/p>\n<p style=\"line-height: 150%;\"><span lang=\"EN-US\" style=\"font-size: 14pt; line-height: 150%; font-family: Roboto; color: #000000; background: white;\">The expenditure for the initial procurement of technical equipment and software which is required for the implementation of electronic invoicing is depreciated for tax purposes in full in the year of its realization, increased by 100%.<\/span><\/p>\n<p style=\"line-height: 150%;\"><span style=\"color: #005550; font-size: 14pt;\"><b><span lang=\"EN-US\" style=\"line-height: 150%; font-family: Roboto; background: white;\">Additional Tax Discount 2<\/span><\/b><\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph; line-height: 150%; margin: 0cm 0cm 8.0pt 0cm;\"><span lang=\"EN-US\" style=\"font-size: 14pt; line-height: 150%; font-family: Roboto; color: #333333; background: white;\">The expense for the production, transmission, and electronic filing of electronic invoices for the first year of issuing sales documents through electronic invoicing recognized as a deduction from gross income from business activity is increased by 100%.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/6&#8243;][vc_single_image image=&#8221;32837&#8243; alignment=&#8221;right&#8221;][\/vc_column][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Article to read:<\/p>\n<p><a href=\"https:\/\/staging.qbc.gr\/en\/shell-companies-in-the-eu-fighting-tax-evasion\/\"><span style=\"color: #005550;\"><span style=\"font-size: 18.6667px;\"><b>Shell Companies in the EU &#8211; Fighting Tax Evasion<\/b><\/span><\/span><\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 style=\"line-height: 150%; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Electronic_Invoicing_Timetable\"><\/span><span style=\"color: #d4663e; font-size: 16pt;\"><b><span lang=\"EN-US\" style=\"font-family: Roboto; background: white;\">Electronic Invoicing Timetable<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"line-height: 150%; text-align: justify;\"><span lang=\"EN-US\" style=\"font-size: 14pt; line-height: 150%; font-family: Roboto; color: #000000; background: white;\">The relevant tax provisions (Article 71F of the Income Tax Code) state that the incentives apply to legal entities for the tax years starting from January 1<sup>st<\/sup>, 2020, onwards and are granted from the first year of application of electronic invoicing, until the tax year 2022.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph; line-height: 150%; margin: 0cm 0cm 8.0pt 0cm;\"><span lang=\"EN-US\" style=\"font-size: 14pt; line-height: 150%; font-family: Roboto; color: #000000; background: white;\">According to the provisions of the new bill, companies will be able to benefit from the above incentives for the tax year 2023 as well, provided that they have completed their incorporation by June 30, 2023.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/6&#8243;][vc_single_image image=&#8221;32837&#8243; alignment=&#8221;right&#8221;][\/vc_column][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Article to read:<\/p>\n<p><a href=\"https:\/\/staging.qbc.gr\/en\/tax-incentives-for-patent-development\/\"><span style=\"color: #005550;\"><span style=\"font-size: 18.6667px;\"><b>Tax Incentives for Patent Development<\/b><\/span><\/span><\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_QBC_help_you\"><\/span><strong><span style=\"color: #d4663e; font-size: 16pt;\">How can QBC help you?<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 14pt;\">Following the latest developments in tax legislation and having the necessary know-how, <\/span><span style=\"font-size: 14pt; color: #005550;\"><strong>QBC Tax Consultants<\/strong><\/span><span style=\"color: #000000; font-size: 14pt;\"> are at your side to help you achieve\u00a0<\/span><span style=\"color: #000000; font-size: 14pt;\"><span style=\"color: #005550;\"><strong>maximum tax compliance and benefit<\/strong><\/span> for your business.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 14pt;\">In the context of our <span style=\"color: #005550;\"><strong>accounting outsourcing and supervision services,<\/strong><\/span> we support businesses in evaluating and restructuring their existing accounting systems to make them more efficient and effective.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<\/p>\n<div id=\"vc_row-63f4b7a5eafdb\" class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; 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