European Union

VAT in the Digital Age (“ViDA”) – EU Commission announces major VAT reforms

16 December 2022

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VAT compliance

E- invoicing will become the rule when issuing invoices. From January 1, 2024, the definition of an electronic invoice will change. From then on, these must be issued in a structured format. The condition that the recipient must accept electronic invoices will be removed.
Eye-catcher: e- invoicing will become mandatory for cross-border B2B transactions within the EU from 2028. There will be no thresholds or exemptions for small businesses!
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ViDA