A draft bill regarding electronic payments has been presented to the parliament on 12th December 2016. The term “electronic payments” states to payments via debit, credit or prepaid cards but also to other means of payment, e.g. digital wallets. All enterprises as well as freelancers will be progressively obliged to use a card and accepting device for their transactions with customers (B2C transactions). The threshold for electronic payments of B2C transactions will be dropped from EUR 1,500 to EUR 500 and note that cash payments will not be permitted for B2C transactions exceeding EUR 500. Only taxpayers (i.e. employees and pensioners) making electronic payments will be suitable for tax reduction. Therefore, such taxpayers will be obliged to spend part of their income through electronic payments in order to be granted the applicable tax reduction. Some incentives are granted to taxpayers doing their transactions electronically. If adopted, these provisions will be applicable from 1st January 2017.
Taiwan: Proposes revisions to the VAT
Related Posts
Greece: AADE further extends ship tax filings, payment deadline
Greece's Independent Authority for Public Revenue (AADE) has announced a second postponement of filing requirements for ship operators under the Greek Tonnage Tax Law. The new deadline of 30 June 2026 replaces the previously extended date of 30
Read MoreGreece extends Article 5C special tax regime to public sector employees
Greece’s Ministry of National Economy and Finance and the Independent Authority for Public Revenue (AADE) have announced an extension of the special taxation regime under Article 5C of the Income Tax Code (ITC), expanding eligibility to include
Read More
Greece unveils draft law introducing DAC8, Pillar Two tax reforms and new advance tax ruling framework
Greece has unveiled a draft law on 30 April 2026 introducing wide-ranging tax transparency reforms, institutional restructuring measures and a new advance tax ruling framework, alongside the transposition of key EU tax directives including DAC8 and
Read MoreGreece updates VAT transition rules with extended penalty waiver window
Greece’s Independent Authority for Public Revenue (AADE) has introduced a penalty waiver for farmers required to move from the special agricultural flat-rate VAT scheme to the standard VAT regime for the 2026 tax year, following the issuance of
Read More
Greece postpones implementation of e-transport Phase B
Greece has postponed and restructured Phase B of its e-transport mandate, introducing a two-stage implementation timeline for the digital monitoring of goods movement transmitted to myDATA under Decision A.1094/2026. Under the revised schedule,
Read More
Greece updates CRS exchange list, now covering 88 jurisdictions
Greece has updated the list of jurisdictions with which it applies the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA CRS) on a bilateral basis. The revised framework now covers 88
Read More