The dog days of summer seem an appropriate time to assess progress on the European Union’s (EU) VAT in the Digital Age (ViDA) proposal. This starts with EU Finance Ministers at ECOFIN in Luxemburg providing broad support for the proposal earlier this year in June, while also raising some concerns.
Despite this generic call to slow down the ViDA implementation, indirect tax leaders shouldn’t wait for additional policy clarity before implementing an e-invoicing strategy. Instead, they should keep the following in mind as they develop and refine e-invoicing capabilities:
- E-invoicing is a global trend that is accelerating…..
Source: www.vertexinc.com
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