- The Council of the European Union has released a new proposal regarding the VAT in the Digital Age (ViDA) reform
- The proposal aims to modernize and streamline VAT systems across the EU, notably e-invoicing and Continuous Transaction Controls (CTC)
- Changes will take place over time, with some taking effect as soon as the Directive enters into force
- The new ViDA proposal mainly concerns the dates when measures become effective, with deadlines being postponed due to setbacks
- ViDA adoption has faced delays due to the complexity of its objectives and the need to align Member States’ views and priorities
- ViDA promises significant benefits in public and private sectors across the EU
- Changes effective with ViDA’s approval include removal of EU approval for domestic e-invoicing and elimination of buyer e-invoice acceptance
- ViDA changes effective from 1 July 2030 include redefinition of electronic invoicing and compliance with European standards
Source: sovos.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.
Latest Posts in "European Union"
- Roadtrip through ECJ cases – Cases referring to art. 226 – Content of an invoice (required for the Right to deduct VAT)
- Another important step for the implementation of the electronic freight transport information (eFTI) regulations
- List of gold coins meeting the criteria established for the special scheme for investment gold
- EU to Scrap €150 Customs Exemption by 2028, Introduce €2 Levy in 2026
- EU Abolishes €150 Customs Threshold to Curb Small Parcel Influx and Ensure Fair Competition
