- The EU adopted the VAT in the Digital Age (ViDA) package to upgrade the EU-wide VAT system.
- The Netherlands Ministry of Finance announced a four-phase plan for implementing ViDA rules.
- The four phases are policy research, legislation, technical elaboration, and implementation.
- Policy research focuses on e-invoicing and digital reporting for domestic B2B transactions.
- Companies must issue EU-compliant e-invoices for intra-EU B2B transactions by July 1, 2030.
- The government will conduct public consultations with businesses before mandating e-invoicing for domestic transactions.
- Implementation legislation is expected to be submitted two years before ViDA rules are implemented.
- The government is considering mandatory e-invoicing and digital reporting for all domestic B2B transactions.
Source: vatabout.com
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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