In Greece, a joint decision was made by the Deputy Minister of National Economy & Finance, George Koutsiras, and the Governor of AADE, George Pitsilis, to postpone the implementation dates for mandatory electronic invoicing. This decision aims to provide businesses with sufficient time to comply with the new regulations and make necessary technical adjustments to their electronic invoicing systems. The regulation specifically targets large enterprises with gross revenues exceeding 1,000,000 euros for the 2023 tax year, facilitating a more manageable transition to the electronic invoicing system.

Approximately 34,000 out of 38,000 mandatory businesses have already initiated the process of electronic invoice issuance, indicating a positive response to the upcoming changes. As per the new timeline, the mandatory implementation of electronic invoicing will officially start on March 2, 2026. This will be followed by a gradual implementation phase from March 2, 2026, to May 3, 2026, during which businesses will have the option to utilize their existing management systems alongside the electronic invoicing requirements.

The postponement reflects a broader strategy to enhance compliance rates among businesses and support them in adapting to technological advancements. As the landscape of invoicing shifts towards electronic formats, ensuring that businesses can smoothly transition into this new system will be crucial for the ongoing modernization of financial operations in Greece, thereby promoting efficiency and accountability within the corporate sector.