EU Approves VAT Modernization: Electronic Invoicing and Digital Reporting by 2030

• The European Commission approved VAT system modernizations for Czechia to reduce administration and prevent digital economy fraud
• Mandatory electronic invoicing and digital reporting will apply to cross border EU transactions starting July 1, 2030
• New rules cover goods supplies between EU states, personal belongings movement, and reverse charge sales
• Platform economy VAT changes require transport and lodging platforms to pay VAT as presumed providers
• One stop shop VAT registration system extends to additional transactions with implementation expected between 2027 and 2030

Source: fiscal-requirements.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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