- On 5 November 2024, the 27 EU Member States reached unanimous political agreement on the VAT in the Digital Age (“ViDA”) proposal
- ViDA aims to modernize the EU’s VAT system with three pillars: E-invoicing and Digital Reporting, Platform Economy, and Single VAT registration
- The most significant implementation dates are expected to be 1 July 2028 and 1 July 2030
- Mandatory EU e-invoicing and digital reporting for VAT will be introduced, with structured e-invoices required for cross-border B2B and B2G supplies
- Data from e-invoices must be digitally reported to tax authorities, eliminating the need for periodic EC Sales Lists
Source: kpmg.com
See also
- ECOFIN approved the VAT in the Digital Age (ViDA) Act – Compromise has been reached
- ViDA – Consolidated version of the EU VAT Directive 2006/112/EC once ViDA Act will be enacted
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.
