- EU VAT invoice requirements are crucial for businesses operating within the EU or engaging in cross-border trade to avoid penalties and ensure smooth financial transactions.
- In most cases of B2B and B2C transactions, a VAT invoice is required, which should include mandatory information such as supplier and customer details, invoice number and date, description of goods or services, VAT amount, total amount, currency, and proof of intra-EU supply.
- Electronic invoicing will become mandatory in the EU from 2028, and businesses must keep copies of VAT invoices and related records for a designated period.
Source Taxually
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