The ECOFIN meeting under the Belgian presidency on 21 June 2024 faced a setback as the 27 EU member states failed to agree on the ViDA proposal for modernizing VAT reporting. Estonia’s opposition to the proposal in the previous meeting was due to concerns about the new deemed supplier regime. The presidency’s proposed changes were not enough to reach a consensus. This failure is disappointing for the Belgian presidency, which aimed to secure a vote on ViDA during its term. The inability to reach an agreement means businesses will continue to face varied e-invoicing models and member states will still need to request derogations from the European Commission for mandatory e-invoicing.
Source Deloitte
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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