- GENA(EESPA) supports the aim of harmonized e-Invoicing and Digital Reporting Requirements (DRR) as part of the VAT in the Digital Age (ViDA) proposals.
- They advocate for the use of the ‘5-corner’ model for the exchange of invoices and other tax-relevant B2B data.
- However, they have concerns that the current direction of the negotiations deviates significantly from the original aims and will pose challenges for EU businesses.
- They believe that the lack of regulation on key variables in e-invoicing regimes is a missing ingredient in the DRR proposals.
- GENA(EESPA) calls on the EC and Member State leaders to implement a comprehensive, EU-wide CTC framework that allows for standardized and interoperable domestic e-invoicing regimes.
- They believe that mandatory centralized systems for prior authorization and verification will stifle innovation and introduce security risks.
- They suggest developing a mechanism for existing centralized systems to receive electronic invoice data from taxpayers in other Member States with minimal investment.
- GENA(EESPA) believes that the EU would benefit from the introduction of the European Commission’s eDelivery artifact for real-life interoperability.
- They provide examples of countries and regions where real-time validation of e-invoices is performed by certified private providers.
- They propose the use of the 5-corner model, such as Peppol CTC, to release the pressure from Member States and allow for the introduction of an e-invoicing obligation first, followed by the DRR platform.
- They request that no further e-invoice derogations be granted until harmonized rules can be agreed upon.
- They suggest using derogation powers to drive consistency between regimes and approving requests with detailed implementation plans compatible with the EC’s desired end-state.
- GENA(EESPA) will transition and continue its activities under the name GENA, Global Exchange Network Association.
Source: gena.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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