- ViDA is a package of measures proposed by the European Commission to update the VAT Directive and adapt it to new digital business models, enabling the full use of data generated by digitization.
- The regulations are set to enter into force in stages between 2024 and 2028, but the European Parliament has expressed concerns about the short timeframe for implementation, especially for small and medium-sized enterprises.
- As a result, the Parliament has recommended postponing the implementation of ViDA by at least a year, offering business incentives, changing the deadline for issuing invoices, introducing optional use of structured e-invoices, treating PDF invoices with an electronic signature as electronic invoices, restricting access to VIES exchanges to protect personal data, keeping the Intrastat report, and preserving summary invoices.
Source Comarch
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