- The VAT in the Digital Age (ViDA) initiative, adopted in March 2025, aims to revolutionize VAT reporting and compliance across the EU by mandating e-invoicing for intra-EU B2B transactions, implementing Digital Reporting Requirements (DRR) for near real-time data sharing, and establishing a Single VAT Registration (SVR) model to simplify compliance.
- E-invoicing is positioned as a transformative technology that facilitates real-time, structured data exchange, significantly reducing processing costs, accelerating payment cycles, enhancing fraud detection, and improving supply chain transparency, thus becoming essential for modern business operations.
- To effectively adapt to ViDA, businesses must transition from viewing e-invoicing as a local compliance task to integrating it into their broader operational strategy, requiring collaboration across various departments and proactive planning to meet upcoming mandates and leverage the benefits of digitization.
Source Fabio Santoro
Latest Posts in "European Union"
- Roadtrip through ECJ Cases – Focus on ”Fixed Establishments” (Art. 44 & 45)
- Titanium Case: EU VAT Fixed Establishment Rules
- VAT Margin Scheme Refusal and Good Faith in German Tax Procedure
- EU VAT Consultation Targets Circular Economy and SME-Friendly Reforms
- Comments on T-569/25: EU Court Requires Good Faith to Be Considered in the VAT Margin-Scheme Assessment
