The ViDA initiative, or VAT in the Digital Age, aims to modernize and harmonize the current VAT system in the European Union (EU) in order to curb tax fraud. The initiative is a series of measures that include introducing mandatory electronic invoicing and a transaction-based reporting system for intra-community B2B sales. Starting January 1st, 2028, these new regulations will be mandatory throughout the EU.
Source: www.fiscal-requirements.com
Latest Posts in "European Union"
- ECJ Adviser: Transfer Pricing Adjustments Not Subject to VAT in Stellantis Case
- HS Code Updates 2026: Key Changes Impacting Product Classification and Customs Compliance
- Comprehensive Guide to European Extended Producer Responsibility: Navigating Over 30 EPR Streams and Obligations
- CBAM Costs: Why Importers Face Uncertainty From €80 to €700 Per Ton
- EU VAT Gap Worsens in 2023: Compliance and Policy Challenges Across Member States
