Supervisor: Ioannis Velentzas
Title: The accounting approach/treatment of invoices as sales documents, with an emphasis on electronic invoices and their regulatory framework
Three – Member Advisory Comitee: Ioannis Velentzas, Nikolaos Kartalis, Georgios Konteos
Abstract: The sales invoice will be examined both as a sales document and in particular its multi-level meaning with its subheading (e.g. credit, supplementary / corrective invoice, simplified and aggregated invoice), but also as a concept of tax legislation in the sense that the invoices issued or received form part of the entity’s accounting records. The seller’s liability for issuing a sales invoice and the possibility of issuing an invoice to other persons or the exemption from the issue of an invoice to public and other bodies governed by public law for activities or transactions carried out as public authority will also be investigated, provided that such transactions are not subject to VAT. Specific issues relating to invoicing will also be addressed (refusal to issue an invoice, invoicing in the case of non-invoice, sale of goods on behalf of a third party). Particular emphasis will be placed on electronic invoices (EDI), which will be mandatory in the Greek accounting system/law. The conditions for ensuring the authenticity of the origin and integrity of the content of an electronic invoice will also be examined.