EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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EY myDATA Analytics & Reconciliation tool
The new EY technology tool for ensuring tax compliance with e-books requirements.
In today's fast-paced tax environment, ensuring compliance while minimizing costs is more important than ever. The EY myDATA Analytics & Reconciliation tool is here to help you save time and enhance accuracy in your tax processes.
Dedicated support team
A dedicated tax team will support you with the monthly and/or annual reconciliation of data transmitted to myDATA platform, ensuring compliance with e-books requirements.
Νo need for integration with the company’s ERP
The EY myDATA Analytics & Reconciliation tool does not require integration with the company’s ERP system and therefore, no time will be invested for its customization.
Developments in the digital tax environment
The universal implementation of e-books has arrived. Since January 1st, 2024, VAT returns and E3 form are prepopulated based on the data transmitted to myDATA platform. The companies are not entitled to deduct expenses for income tax purposes as well as input VAT, unless the relevant tax documents have been transmitted to myDATA platform. To analyze the data, the companies need to have technology tools safeguarding that all the tax documents have been properly transmitted and characterized. Technology tools are also necessary for the reconciliation amongst the accounting books, the submitted/prepopulated tax returns and the data transmitted to myDATA platform.
How can EY help you?
Enhance accuracy and ensure compliance
Analysis and reconciliation between the data transmitted to myDATA platform, accounting books and tax returns.
Save time and minimize costs
Save time on data analysis and processing while minimizing costs and the possibility of human errors and delays.