POS: New Voucher Funding Cycle for Purchase and Interconnection

The ministries of National Economy and Finance and Digital Governance, in a joint announcement announced that the 4th round of funding has been opened, which covers part of the costs, for the POS market and its interface with the cash register, as well as for a series of additional digital needs of businesses. The aid is in the form of a voucher and each beneficiary has the possibility to use it at approved suppliers of the “Digital Transactions” Program.

It should be noted that the “Digital Transactions” Program of the Ministries of National Economy and Finance and Digital Governance is part of the action “Digital Transformation of SMEs”, which is implemented by Ministry of Digital Governance and the Information Society (KtP M.A.E.), in the context of the National Recovery and Resilience Plan Greece 2.0 with the funding of the European Union-NextGenerationEU.

As part of the 4th cycle, businesses have the right to submit an application for a POS through the digitalsme.gov.gr platform until Tuesday 12 March 2024, in the following Categories:

• Category 1: Provision of new or replacement of existing EFT/POS.
• Class 3: Obtaining electronic invoicing provider services & invoicing software.
• Category 4: VAT & ADIME upgrade for EFT/POS interface.
• Category 5: Replacement of EAFDSSS, except catering businesses.
• Category 6: Replacement of FIM (FTM or ADIME or EAFDSSS) catering businesses.

In addition, the start of the 5th round of funding is expected for those companies that did not join the previous rounds and are eligible for funding.

It is emphasized that in the 4th financing cycle new eligible activities have been added, concerning for example processing and product marketing fisheries and aquaculture and are as follows:

KAD        ACTIVITY DESCRIPTION

• 10.41.12 Production of fats and oils and their fractions, fish and marine mammals
• 46.11.11.07 Commercial agents mediating the sale of fish, live and fry
• 46.17.11.27 Commercial agents mediating the sale of fish, crustaceans and molluscs, not live
• 46.21.19.11 Wholesale of products n.e.c. fish or crustaceans, molluscs or other aquatic invertebrates
• 46.76.19.14 Wholesale trade of coral and similar products, shells of molluscs, crustaceans or echinoderms and cuttlefish bones
• 46.76.19.15 Wholesale trade of cultured pearls, unworked
• 46.76.19.30 Wholesale trade of natural pearls, unworked
• 47.23 Retail sale of fish, crustaceans and molluscs in specialized stores
• 47.77.82.08 Retail trade of cultured pearls, unworked
• 47.77.82.13 Retail trade of natural pearls, unworked
• 47.78.86.18 Retail sale of coral and similar products, shells of molluscs, crustaceans or echinoderms and bones of cuttlefish
• 47.91.15 Retail sale of fish, shellfish and molluscs by mail order or via the Internet
• 47.99.15 Other retail sale of fish, shellfish and molluscs other than in shops, market stalls or markets
• 10.2 Processing and preservation of fish, crustaceans and molluscs
• 46.38.1 Wholesale of fish, crustaceans and molluscs

Furthermore, in case a company is active in more than one KAD, for the assessment of eligibility the KAD of Main Activity is taken into account first, and if this is not eligible, secondarily the KAD with the largest income.

It is underlined that especially in Energy Category 1, eligible are enterprises that have one of the following KAD, which are related to retail trade activities in outdoor stalls and markets, even if they are not the main KAD or the KAD with the biggest revenue:

KAD     ACTIVITY DESCRIPTION

• 47.81.10.01 Retail trade of food, beverages and tobacco, producer-seller in outdoor stalls and markets
• 47.81.10.02 Retail trade of food, beverages and tobacco, professional seller at outdoor stalls and markets
• 47.89.10.01 Retail trade of other goods, producer-seller in outdoor stalls and markets
• 47.89.10.02 Retail trade of other goods, professional – vendor at outdoor stalls and markets

A necessary condition is that the above-mentioned CAs show non-zero revenues in the reporting year of the specific CA.

It is worth noting that from the first 3 financing cycles the respective vouchers have been approved to 121,138 businesses for the purchase/replacement of POS, with the amount of financing amounting to 18.1 million euros and to 169,837 businesses to cover part of the cost of connecting the POS to the cash desks, with the amount of financing amounting to 22.5 million euros.