- ViDA package introduces mandatory electronic invoicing and digital reporting requirements for businesses.
- Companies must issue invoices in a standardized electronic format and transmit transaction data to tax authorities almost in real-time.
- The package includes simplified EU VAT registration and new regulations for the platform economy.
- Mandatory electronic invoicing for cross-border B2B transactions within the EU starts on 01.07.2030.
- Paper invoices or non-compliant formats are allowed only for transactions not subject to the e-invoicing requirement, mainly with non-EU countries.
- Electronic invoices must comply with CEN standard EN 16931 from 01.07.2030.
- Germany already requires electronic invoices for transactions after 31.12.2024, with a transition period until 31.12.2026.
- CEN standard EN 16931, established in 2017, defines a unified format for e-invoices to facilitate cross-border exchanges in the EU.
- The standard is based on XML and specifies the structure and content of e-invoices, allowing for country and industry-specific extensions.
- Originally for B2G transactions, the standard will be revised for B2B use, with updates expected in the first half of 2025.
Source: ebnerstolz.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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