- EU Member States reached a political agreement on the ‘VAT in the Digital Age’ package (ViDA) at the ECOFIN Council meeting on 5 November 2024
- ViDA package consists of three pillars: Digital Reporting, Platform Economy, and Single EU VAT Registration
- Key aspects of the ViDA proposal include mandatory e-invoicing and digital reporting for cross-border transactions
- Deemed Supplier rules for short-term accommodation rentals and passenger transportation services will be postponed to 1 July 2030
- Member States have the option to introduce mandatory domestic e-invoicing regimes for established businesses before 2030
- E-invoicing will be mandated for intra-Community supplies of goods and supplies with reverse charge applied, with new data elements required on e-invoices
Source: insightplus.bakermckenzie.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.
