How to Issue a Simplified Invoice
A guide to issuing a simplified invoice in Wrapp: a 0% VAT sale under Article 52 plus a margin-scheme document reporting the profit margin to AADE.
The simplified invoice is used mainly for reselling goods, for example in the sale of used vehicles. In this case, the reseller is not charged VAT on the original purchase value, but only on the profit margin made on the resale (the margin scheme).
Why two documents are issued
For the process to be correct and transparent for tax purposes, both the purchase price and the sale price must be recorded. However, since these figures must not appear on the document handed to the customer, a specific two-document procedure is followed:
- A document with 0% VAT, given to the customer, carrying the exemption under Article 52 of the Greek VAT Code.
- A simplified invoice, transmitted to AADE (the Greek tax authority), where the profit margin is recorded.
Step 1: Make sure you have the right billing book
First make sure you have a billing book for issuing simplified invoices. If you do not, you can create one from your document settings (Settings → Document Settings).
Step 2: Issue the sale document with 0% VAT
Next, issue the sale document (invoice or retail receipt) with a zero VAT rate (0%).
A new panel appears below with the zero-VAT exemption articles, where you select Article 52.
Then go to the «Classifications» field.
In «Classification Category», select «Other income information» and click «Apply».
Finally, select «Not included in F2».
Once issued, this document records the original sale and is sent to myDATA, AADE's e-invoicing platform.
Step 3: Create the simplified invoice
When the original document is completed, the «Create Simplified Invoice» option appears. This action records the profit margin without the customer ever seeing the original cost of the product.
Step 4: The two lines of the simplified invoice
- One line with 0% VAT, filled in automatically by the system.
- One line with a positive VAT rate, set by the user. This line records the net (pre-VAT) profit margin.
Issuing the simplified invoice ensures compliance with AADE requirements and transparency towards the tax authority, while keeping detailed cost figures off the documents your customer receives.
Frequently asked questions
When is a simplified invoice used in Greece?
Mainly for reselling goods under the VAT margin scheme, such as used vehicle sales. VAT is calculated only on the profit margin, not on the original purchase value.
Why are two documents needed for a margin-scheme resale?
The customer receives a 0% VAT document with the exemption under Article 52 of the Greek VAT Code, while the simplified invoice transmitted to AADE records the profit margin. This keeps the purchase cost hidden from the customer.
What does «Not included in F2» mean?
This classification indicates that the value of that line is not included in the Greek VAT return (form F2), so the revenue is not counted twice across the two documents.
Are both documents transmitted to myDATA?
Yes, both the 0% VAT sale document and the simplified invoice are transmitted to myDATA, AADE's e-invoicing platform. Through Wrapp, an AADE-certified e-invoicing provider, transmission happens automatically on issue.
Need help?
If you have a question about this topic or want to make sure everything is set up correctly, contact us and we will look at it together.