The Greek tax office is introducing a new tool called “digital customer ledger” to detect concealed revenues in an effort to clamp down on tax evasion.
Through the instrument, the Independent Public Authority for Public Revenue (IAPR) will be able to cross-reference the customer list of thousands of professionals with the receipts that have been issued and transmitted to the MyData platform.
The measure will initially be enforced in car repair shops, tire shops, parking and car rental companies, event organizing businesses, and travel agencies before later expanding to include other professional categories.
According to the Greek tax office, professionals high on the authorities’ list are the following:
Professionals related to vehicle services, such as auto repair shops, car electricians, tire shops, body shops, vehicle parts and accessories sales businesses, parking lots, car washes, vehicle rental companies, and new and used vehicle sales businesses.
Professionals operating in the event industry, ranging from venues (estates and halls) to catering companies and event planning companies.
This new tool, in conjunction with the integration of cash registers with POS systems, digital shipping documents, and electronic invoicing, will significantly contribute to the fight against tax evasion by those who attempt to hide revenue.
This is because tax authorities will have a complete and immediate view of a professional’s “client traffic” and will be able to cross-check the data with the receipts reported by the taxpayer in the MyData electronic books of IAPR.
