- Digital Reporting Requirements (DRR) are obligations for VAT-taxable persons to digitally submit transaction data to tax authorities
- DRR differs from traditional tax reporting by requiring continuous electronic submission of data
- Technologies like e-invoicing platforms and compliance software help businesses comply with DRR
- Deadlines and submission formats for digital tax reports vary across jurisdictions
- E-invoicing is essential for DRR, enabling accurate reporting and accessibility of transaction data
Source: fonoa.com
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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