EC seeks to harmonise transaction reporting
The European Commission (EC) is undertaking a review to introduce Transaction Based Reporting (TBR), which includes potentially e-invoicing. This is part of the VAT in the Digital Age, with reforms on OSS extension and role of marketplaces.
3 alternative Transaction Based Reporting platforms
- Transaction data stored by taxpayer
- Transaction data stored by national tax office
- Transaction data held at EU level
Source vatcalc
Latest Posts in "European Union"
- Blog Luc Dhont: How Can Multinationals Comply with VAT on Transfer Pricing Adjustments Post-ECJ Arcomet?
- ECJ Opinion Sheds Light on VAT for Ancillary Services in German Accommodation Sector
- Briefing document & Podcast – C-409/04 (Teleos): Physical Movement & Supplier Due Diligence Key for Intra-EU VAT Exemption
- EU boosts tax cooperation with Andorra, Liechtenstein, Monaco, and San Marino
- Briefing document & Podcast: ECJ C-271/06 (Netto Supermarkt) – VAT exemption granted if fraud undetectable with due commercial care
