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ViDA (VAT in the Digital Age) – European Union promotes B2B electronic invoicing

The ViDA initiative has not been agreed upon due to Estonia’s opposition to the proposed reform of VAT in the digital age. Estonia argues that the new regime would unfairly tax small and medium-sized businesses. The European Commission’s proposed measures include digital reporting requirements, addressing challenges of the platform economy, and reducing VAT registration requirements. The timeline for implementation remains unconfirmed, and Estonia has expressed concern about the platform economy pillar.

Source Edicom

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