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ECOFIN meeting on 14 May 2024 did not reach the expected agreement on ViDA

The latest ECOFIN meeting on 14 May 2024 did not reach an agreement on the ViDA package. Negotiations between Member States continue. The implementation of the first Pillar about e-invoicing and digital reporting requirements (DRR) seems to be delayed, with discussions still in progress. The e-invoicing and DRR introduction will most likely be delayed by at least two years, with the new deadline being 2030 instead of 2028. The ViDA package consists of three pillars: VAT reporting obligations and e-invoicing, VAT treatment of the platform economy, and Single EU VAT registration. The proposal will abolish ESL returns and instead require mandatory e-invoicing reported to the tax authorities.

Source Marosa

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