- Objective of the Initiative: The initiative aims to establish provisions for a common electronic message that taxable persons will use to transmit specific data from electronic invoices to the relevant authorities in EU Member States.
- Implementation Details: This initiative is categorized as an implementing regulation and is under the purview of Committee C18200, with the draft act currently in preparation for public consultation and feedback.
- Timeline for Adoption: The European Commission is expected to adopt this initiative in the second quarter of 2026, marking a significant step towards standardizing data reporting in taxation across the EU
Source ec.europa.eu
Read also
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "European Union"
- EU Council Approves Customs Duty Cuts on Ukrainian Agri-Food Products
- EC Report: Three EU Countries Account for 75% of VAT Rate Deviations
- EU Report Reveals Major Disparities in VAT Rate Exception Applications
- Roadtrip through ECJ Cases – Focus on Place of Supply of Intra-Community Acquisitions – ”Triangulation” (Art. 42)
- Briefing document & Podcast: C-536/08 (X) and C-539/08 (Facet Trading) – No deduction on Intra-EU acquisitions taxed at the MS of identification of the purchaser, instead of the destination
