- ViDA introduces significant changes to EU VAT regulations.
- Changes effective from 12 March 2025 include removal of EU approval for domestic e-invoicing and elimination of buyer e-invoice acceptance.
- From 1 July 2030, electronic invoicing is redefined to require structured formats for automated processing.
- B2B e-invoices must comply with the European standard unless a Member State opts for a different standard.
- ViDA mandates near-real-time digital reporting for cross-border transactions starting in 2030.
- Taxpayers must report cross-border invoice data electronically to claim VAT exemptions or input VAT.
- Cross-border e-invoices must be issued within 10 days of the chargeable event.
- Self-billing and intra-community acquisition invoices must be reported within five days of issuance or receipt.
Source: sovos.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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