‘Shall Allow’ option for non-residents to use B2B reverse charge; currently member states control the option to implement as ‘may’ provision under Article 194 The now agreed VAT in the Digital Age reforms (ViDA) in pillar 3, EU Single VAT Registration, is the harmonisation of
Federal Government: Jan 2025 obligations may be covered by dedicated e-mail box for suppliers’ structured electronic invoices The first phase of German e-invoicing mandate starts on 1 January 2025. All German resident taxpayers must be able to receive structured, or machine readable, electronic invoices. Following
Peppol’s ViDA Pilot: Supporting ViDA via 5-corner e-invoicing Peppol Network The Peppol network is starting a pilot program this Autumn to demonstrate how Peppol model can facilitate compliance with proposed B2B VAT in the Digital Age‘s first Pillar of reforms, due in July 2030, Digital
Proposals as part of VAT in the Digital Age ViDA reforms to reduce fraud As part of the EU VAT in the Digital Age ViDA reforms, it has been proposed that there will be more transaction data exchanges to help reduce problems on Import One-Stop
Which EU states have applied and obtained an e-invoicing derogation Under current European Union VAT Directive rules, member states may not mandate the use of electronic invoices in place of paper invoices. However, they may apply to the European Commission for a temporary derogation from
Member states freed to mandate e-invoicing without Commission approval; obligation for customer to agree to e-invoicing upon ViDA approval In order to facilitate the rapid adoption of e-invoicing, the European Commission has proposed to reform the legal hurdles (Articles 218 and 232, EU VAT Directive)
2035 VAT in the Digital Age requires states with existing domestic e-invoicing to harmonise The latest draft of EU VAT in the Digital Age required member states with existing domestic B2B and B2C e-invoicing and digital reporting requirements to adapt their regimes by January 2035
New Council of EU president plays down expectations on quick agreement on ViDA reforms; deep political issue add to likely delays The incoming rotating president of the Council of the EU, Hungary, is set to make little progress in resolving last disagreements on the EU
2024 eFactură B2B e-invoicing regime to be extended to B2C January 2025 Following B2B e-invoicing going mandatory on 1 July 2024, the Romanian Ministry of Finance has announced plans to extend its new B2B e-invoicing to B2C transactions from 1 January 2025. It will be
What’s VAT reforms are next after VAT in the Digital Age As the EU VAT in the Digital Age reforms near political agreement for implementation likely between 2025 and 2030, what are the next likely changes? A glimpse has been provided by the EU Commissions
