- Introduction of ViDA: The VAT in the Digital Age (ViDA) proposal, initiated by the European Commission in December 2022, aims to modernize the EU VAT system by leveraging technology to combat fraud and simplify compliance across borders.
- Key Objectives and Structure: ViDA seeks to harmonize tax policies and improve cooperation among EU Member States while introducing a mandatory transaction-based digital reporting requirement (DRR) for intra-community transactions, establishing e-invoicing as the default method.
- Implementation Timeline: The rollout includes phased deadlines: Pillars 2 and 3 are set for July 2027, full implementation of real-time digital reporting by July 2030, and harmonization for existing systems by January 2035.
- 4 and 5 Corner E-Invoicing Models: The Peppol network promotes a 4 and 5 corner model for e-invoicing, allowing invoices to be generated in one system and received in another, enhancing interoperability among service providers.
- Future Developments: Ongoing discussions on ViDA Pillar 1 focus on invoice semantics and reporting models, with a pilot project by Peppol set to develop and test the Digital Reporting Requirement architecture, aiming for greater harmonization in VAT compliance across Europe.
Source Taxbackinternational
Click on the logo to visit the website
Latest Posts in "European Union"
- New InfoCuria case-law database and search tool
- New General Court VAT case – C-903/25 (Grotta Nuova) – No details known yet
- New General Court VAT case – C-914/25 (Modelo Continente Hipermercados) – No details known yet
- Roadtrip through ECJ Cases – Focus on ”Exemption – Financial transactions – Credits and transfer of Credits” (Art. 135(1)(b))
- ECJ C-465/25 (Matin Maier) – Questions – Can Businesses Recover VAT if Supplier’s VAT Number Is Revoked?
