Expansion of electronic transactions, reduction of cash circulation, use of digital technology as well as intensive controls are among the measures that the government will take in order to combat tax evasion.
The relevant bill is expected to be presented to the cabinet this month before submitting it to the Parliament.
The role of electronic invoices is critical although it remains to be clarified whether small businesses will also be obliged to implement it, i.e. to issue an electronic invoice and send it automatically to AADE. Through the implementation of electronic invoices, the Independent Public Revenue Authority (AADE) will be able to cross-check transactions in real time.
The universal application of myData will also begin in 2024. This will confirm that the income declared by each taxpayer will no longer be less than what AADE knows based on the electronic information (myDATA, cash-POS).
Moreover, the interconnection of cash registers with POS is expected to be completed in 2024 in approximately 450,000 businesses. Thus, every POS transaction will be recorded on the cash register while the data will be transmitted in near real time to AADE.
The bill will also include the extension of the obligation to use POS to the remaining sectors of the retail market such as parking, taxis, etc.
