- Gradual transition to an EU-wide e-invoicing and digital reporting standard for VAT
- Three steps in the process: 1. Twenty days after official publication of the proposal (aim: first half of 2025)
- Member states can make e-invoicing mandatory for local transactions without needing approval from the Council of the EU
- Aiming to relieve SMEs, more states may require e-invoicing before July 1, 2030 2. Starting from July 1, 2030
- Businesses with VAT registration must issue structured e-invoices for cross-border B2B and B2G transactions within the EU
- Invoices must be issued within ten days of the transaction date
- Digital reporting to local tax authorities replaces the EC Sales List
- Monthly consolidated invoices allowed under certain conditions for transactions within the same calendar month
- Additional invoice requirements introduced, such as indication of simplified ABC delivery and bank account details
- Member states with existing local transaction reporting obligations can retain them
- ViDA aims to harmonize e-invoicing in the EU, allowing some states to keep local reporting obligations
- Current local reporting obligations in countries like Italy, Poland, and Spain may be retained under the compromise
Source: meijburg.nl
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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