Teh 6th Epirus Regional Department of the Economic Association of Greece has raised urgent concerns regarding significant issues arising from the integration of the eSend system with the myDATA platform. In a formal letter addressed to Minister of National Economy and Finance Kostis Hatzidakis and Georgios Pitsilis, head of the Autonomous Public Revenue Authority, the department highlighted the adverse effects these technical difficulties are having on businesses. Stakeholders are calling for immediate intervention to resolve these challenges, which are critical for ensuring accurate financial reporting and compliance within the Greek economic landscape.
Q&A Discussion: challenges in the Integration of eSend with the myDATA Platform
Editor: Today, we’re addressing the pressing issues surrounding the integration of the eSend system with the myDATA platform, as highlighted by the 6th Epirus Regional Department of the Economic Association of Greece. To shed light on this critical matter, we have invited Dr.dimitris Athanasiou, a leading expert in tax technology and compliance. Thank you for joining us, dr. Athanasiou.
Dr. Athanasiou: thank you for having me.It’s a pleasure to discuss such an important topic that impacts many businesses across Greece.
editor: The formal letter sent to Minister Kostis Hatzidakis and Georgios Pitsilis outlines significant technical difficulties businesses are facing with this integration. Can you elaborate on the nature of these challenges?
Dr. Athanasiou: Certainly. The primary concerns revolve around data transmission issues between the eSend system and the myDATA platform. Businesses are experiencing disruptions that compromise the accuracy of their financial reporting. This situation directly affects compliance with tax regulations, leading to potential penalties and increased administrative burdens for companies trying to reconcile their accounts.
Editor: Stakeholders are calling for immediate intervention. What are some specific implications of these technical difficulties for businesses operating in Greece?
Dr. Athanasiou: The implications are significant. First,inaccuracies in financial data can lead to reports that do not reflect the true financial position of a company. This could affect investor confidence, lead to incorrect tax obligations, and ultimately harm the business’s reputation.Moreover, as companies focus on resolving these issues, they divert resources away from other critical operations, hindering overall productivity.
editor: Are there any industry insights or best practices you can share for businesses currently grappling with these integration challenges?
Dr. Athanasiou: Absolutely. First and foremost, businesses should prioritize regular interaction with their software vendors to ensure updates and patches are applied promptly. It’s also essential to establish a robust reconciliation process — this means verifying the data being transmitted against internal records as soon as it is indeed received.
Additionally, maintaining contact with the Greek tax authorities is crucial for businesses to stay informed about any changes or updates related to the myDATA platform.Utilizing new technological solutions, like the myDRec tool developed by Deloitte Greece, can facilitate these reconciliations, allowing businesses to identify discrepancies quicker and more efficiently so they can focus on compliance rather than fixations on errors