- Mandatory Electronic Invoicing: The ViDA Directive, adopted on 11 March 2025, mandates electronic invoicing for intra-EU transactions starting from 1 July 2030. This initiative aims to combat VAT fraud and simplify tax obligations across the EU by standardizing invoicing processes and improving the traceability of financial transactions.
- Key Changes for Businesses: The directive introduces three main pillars: real-time digital declarations linked to electronic invoicing, a ‘deemed supplier’ rule making online platforms responsible for VAT collection, and a single VAT registration system (One Stop Shop) that simplifies VAT compliance for businesses operating in multiple EU countries.
- Implementation Timeline: The ViDA measures will be rolled out progressively, with key dates including the removal of prior approval requirements for national electronic invoicing systems in 2025, the extension of the One Stop Shop in 2027 and 2028, and the mandatory e-invoicing and e-reporting for B2B transactions by 2030. Businesses are advised to prepare for these changes by digitizing their invoicing processes and ensuring compliance with the new standards.
Source Itesoft
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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