Recently the European Commission published the long awaited VAT in the Digital Age report. In the following we will discuss and analyse the central finding of the report treating Digital Reporting Requirements (DRR). We argue that the impact of real-time reporting and “e-invoicing” (definition is discussed below) can potentially be quite similar, contrary to the authors of the report. Furthermore, we show how summitto’s solution is a confidential solution for the future VAT system.
We are incredibly honoured that summitto is mentioned by the authors of the report. However, not all statements are correct and therefore in the last part we will address these issues and hope to clear up any misunderstanding!
Source: summitto.com
