The draft bill regarding electric payments has been adopted by the parliament on 21st December 2016 and it was presented to the parliament for approval on 12th December 2016. On the basis of the adopted text, companies that receive transactions by electronic means must inform their customers accordingly; otherwise, they will get a penalty of EUR 1,000. This obligation starts from 1st February 2017. Also, taxpayers will be obliged to use part of their income via electronic payments (in Greece or in the EU/EEA) for maintaining the applicable tax reduction. More precisely, 10% minimum expenditure percentage will be applicable for income up to EUR 10,000,; for income from EUR 10,000 to EUR 30,000, the minimum expenditure percentage will be 15%; and for income above EUR 30,000, the minimum expenditure percentage will be 20%, capped at EUR 30,000. Taxpayers who are more than 70 years old or disabled taxpayers or taxpayers under guardianship or taxpayers who are tax resident in the EU/EEA (under the conditions of article 20 of the Income Tax Code) and taxpayers who file a tax return in Greece with respect to their employment income/pension in Greece are exempt from the obligation to use electronic means of payment for their transactions. All the exemptions and above-mentioned percentages can apply from 2017 financial years and the following years. An addition to the draft is that the Evros prefecture is included in the provision regarding the 30% reduction of VAT rates. The bill applies upon publication in the Official Government Gazette.