- VAT determination, invoicing, and reporting must now be fully consistent due to ViDA and new e-invoicing mandates.
- Tax authorities are shifting VAT control to the point of transaction with real-time digital reporting and standardized invoice data.
- VATCalc offers a single application to handle VAT determination, invoicing, and reporting, eliminating the need for fragmented systems.
- Under ViDA, errors in VAT logic are immediately visible to authorities, increasing compliance risks and making quiet corrections impossible.
- This represents a major change for supply-chain transactions, especially for intra-EU trade and triangulation simplifications.
Source: vatcalc.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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