EC seeks to harmonise transaction reporting
The European Commission (EC) is undertaking a review to introduce Transaction Based Reporting (TBR), which includes potentially e-invoicing. This is part of the VAT in the Digital Age, with reforms on OSS extension and role of marketplaces.
3 alternative Transaction Based Reporting platforms
- Transaction data stored by taxpayer
- Transaction data stored by national tax office
- Transaction data held at EU level
Source vatcalc
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