Fiscalization Archives | Page 2 of 2

March 20, 2024

Greece extends the use of POS terminals to all economic activities

Greece, a country in the southernmost part of Europe and counting with a population of just above 10 million inhabitants has now decided to extend the use of POS terminals to all economic activities.

Greece is one of the countries with the oldest fiscalization in the world. After several decades of existence, it was determined that the system was largely neglected and outdated. Many taxpayers have significantly reduced the issuance of fiscal invoices, and some have completely stopped doing so.

Verifactu expected to go “live” by July 2024

The Spanish tax agency Agencia Tributaria has announced a tentative future release date for their electronic invoicing system, Verifactu. All in all, the plan is to release the system in the summer of 2024.

The implementation of the project depends on the approval of the regulations for the invoicing system by the Spanish law authorities. The system is ready to launch.

The estimated release date is expected somewhere during July 2024. The IT department of Agencia Tributaria has published a technical draft of its working methodology.