ViDA and other e-reporting and e-invoicing updates across the EU

Germany is still undecided on the preferred CTC model for Digital Reporting Requirements (DRR) despite releasing the cabinet version of the draft legislation. The country is awaiting further clarity from the VAT in the Digital Age (ViDA) proposal. The implementation of e-invoicing for domestic B2B transactions on January 1, 2025, remains undecided. Negotiations between the federal and state governments are set to resume in the upcoming year.
France has adjusted the proposed timeline for the adoption of the reform, with different deadlines for enterprises based on size. The 4 new invoice field requirements are expected to be incorporated in the invoicing requirements by 1 July 2024.
Romania has issued guidance on new e-invoicing and e-reporting regulations shortly before their mandatory adoption. Non-compliance may result in fines starting from April 2024.
Spain has enacted a regulation outlining specific requirements for billing processes, known as “VeriFactu.” The potential enforcement of B2B e-invoicing by 2025 remains uncertain due to existing uncertainties in the implementation process.
The ViDA proposals aim for a comprehensive EU-wide real-time tax data reporting framework, with challenges in harmonization arising due to differing choices made by early adopters of mandatory domestic e-invoicing.