MyData

The financial-tax platform MyData in Greece refers to a digital service that allows businesses to manage their financial and tax issues through a central platform. This platform usually includes functions such as filing tax returns, tracking financial data and managing the financial activities of the business. Through this platform, businesses can achieve greater efficiency and consistency in meeting their tax obligations, as well as managing their financial processes. The use of the financial-tax platform MyData can contribute to the simplification and facilitation of business operations, while at the same time it can provide greater transparency and accuracy in their tax and financial processes. All of the above happens with the absolute contribution of the accountants, since the main task for the correct display of the data is the characterization of the documents, a task that is handled only by the accountants.

 

Some highlights include:

1. Automated Compliance: The platform allows businesses to maintain their books electronically, reducing the need for manual documents and procedures.

2. Compliance with Legislation: The platform ensures that businesses meet the legal requirements of Greek tax legislation in terms of bookkeeping and reporting.

3. Ease of Access and Management: Businesses can access their e-books from anywhere and manage them easily through the platform.

 

These points demonstrate the importance of the MyData financial-tax platform for businesses in Greece in keeping electronic books and achieving legal compliance.

 

Of course, being at an initial stage (with the well-known ΄children's diseases΄) the new system of the financial-tax platform MyData has possible disadvantages for businesses in Greece, which include:

 

1. Initial Cost and Investment

2. Need for Expertise

3. Potential Compatibility Issues

4. Possible Changes in Organizational Structure

5. Data Security Concerns

 

In a short period of time, all myDATA procedures will becme mandatory, which automatically means the imposition of the fines set by the respective legislation.