- ECOFIN approved the VAT in the Digital Age (ViDA) Act on November 5, 2024
- ViDA Act aims to streamline VAT processes and standardize electronic invoicing across EU member states
- ViDA implementation timeline includes phases such as mandatory e-Invoicing for intra-community transactions by January 2025
- Businesses need to invest in digital infrastructure and align practices with new e-Invoicing mandates
- EU’s commitment to fostering an integrated digital economy through ViDA Act
- Businesses should remain informed and proactive in adjusting to groundbreaking changes in VAT compliance
Source: rtcsuite.com
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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.
