- All countries in the EU will soon be required to have a functional e-invoicing system
- This will affect all local and foreign-owned businesses that send or receive invoices in the EU
- E-invoicing is a secure and accurate way of exchanging invoice documents digitally
- The EU is switching to mandatory e-invoicing as part of the VAT in the Digital Age initiative
- The current planned timeline for full e-invoicing in the EU is 2028, but 2030 may be more realistic
- Scandinavia has adapted to e-invoicing the best so far
- Other EU countries have varying progress towards implementing e-invoicing
- France, Romania, Spain, Hungary, Germany, Italy, and Belgium all have different timelines for e-invoicing implementation
Source: leinonen.eu
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.
Latest Posts in "European Union"
- ECJ Clarifies Pre-2015 VAT Rules for Online App Sales Through EU Marketplaces
- VAT Calculation in Four-Party Supply Chains: Application of Triangular Transaction Rules in the EU
- Dispute Over Royalties and VAT for Unauthorized Public Communication of Protected Music Works in Romania
- EU Proposal: Granting EPPO and OLAF Access to VAT Information to Combat Fraud and Corruption
- Malaga Bids to Host European Union Customs Authority Headquarters Amidst Strong European Competition
