ViDA Package: Mandatory E-Invoicing and Digital Reporting for EU B2B Transactions by 2030

• 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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