ViDA Project Update: VAT Invoice Standard as Grounds for Tax Deduction

• Negotiations on the ViDA project, VAT in the Digital Age, are in a crucial phase
• Estonia’s opposition is only regarding certain elements of the project
• A compromise version of the project changes was published on May 8th
• The Ministry of Finance will introduce substantive changes to KSeF for public consultation in June
• The project addresses the interaction of national e-invoicing systems with ViDA
• The project introduces the concept of linking VAT deduction to receiving an invoice in a specific standard
• The current regulations do not link VAT deduction to receiving an invoice in KSeF
• There is a possibility for EU countries to limit the right to deduction of VAT

Source: mddp.pl

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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