- The shift to e-invoicing in the EU has raised questions about how tax authorities will use the data collected. Italy and Romania have fully implemented e-invoicing for B2B and B2C transactions, using centralized models for invoice validation. Italy focuses on validating VAT payments in near real-time, while Romania integrates e-invoicing data with other reporting for prefilled VAT returns. Prefilled VAT returns are available in some member states, but taxpayers remain responsible for their accuracy.
Source: meridianglobalservices.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.
Latest Posts in "European Union"
- Commission Backs Italy’s VAT Derogation Through 2028
- Comments on GC T‑575/24 – AG – Contrary to EU law if services provided to members are regarded as internal acts
- Comments on ECJ C-515/24 (Randstad España) – AG – Introduction of exclusion of VAT deduction of representation expenses by Spain not contrary to EU law
- Briefing Document & Podcast: VAT concepts ”Chain Transactions” & ”Triangulation” explained based on ECJ/CJEU cases
- Comments on ECJ C-744/23: No-Cure-No-Pay Services Are Subject to VAT
