The ViDA initiative, or VAT in the Digital Age, aims to modernize and harmonize the current VAT system in the European Union (EU) in order to curb tax fraud. The initiative is a series of measures that include introducing mandatory electronic invoicing and a transaction-based reporting system for intra-community B2B sales. Starting January 1st, 2028, these new regulations will be mandatory throughout the EU.
Source: www.fiscal-requirements.com
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