E-Invoice 01 – VIDA, SVR: Impact on Businesses in the Digital Age

• Germany introduced E-Invoice as part of the VIDA project
• E-Invoice set to become standard in B2B sector from 2025
• EU working on VAT reform to reduce complexity and fraud
• VIDA expected to bring extensive changes to VAT system by 2030
• Shift towards real-time exchange of sales data with tax authorities
• Focus on inner-community trade
• Online platforms now responsible for VAT on goods sold through them
• EU looking to expand this model to services sector

Source: blog.esche.de

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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