Digital Shipping Note: What Businesses Need to Know in Anticipation of Phase B
Greece is set to undergo significant digital transformation by 2026, focusing on the mandatory implementation of B2B electronic invoicing and digital shipping notes.
By 2026, Greece is poised for a major shift in its business landscape due to the mandatory adoption of B2B electronic invoicing and digital shipping notes. These requirements are not merely regulatory changes but represent a strategic move towards enhancing transparency, efficiency, and operational cost reduction for Greek businesses. As companies adapt to these changes, they will align their domestic logistics with European standards, potentially gaining a competitive edge in the global market.
Currently, mandatory B2B electronic invoicing has already been rolled out for businesses with an annual turnover exceeding 1 million euros, with a deadline for compliance set for February 12, 2024. This marks the beginning of a broader trend where all firms in the market must adopt designated providers for B2B electronic invoicing and digital shipping notes. This transition is expected to transform how businesses operate and communicate with each other, fostering a more interconnected and efficient marketplace.
The implications of these digital requirements extend beyond mere compliance; they signal a transformation in the operational mindset of businesses in Greece. Companies that view this as an opportunity rather than a hurdle are likely to leverage technology for improved agility and reduced costs, thereby better situated to respond to both local and European market demands. This shift emphasizes the need for companies to adapt quickly to new standards as they shape the future of the Greek economy.