- Estonia’s finance ministry plans to require electronic invoicing for all business-to-business transactions that are subject to value-added tax
- This initiative is part of a legislative proposal aimed at enhancing tax collection
- The announcement made on Wednesday starts the first phase of the legislative process
- Next steps include consultations with stakeholders and drafting the legal text
- A formal draft of the legislation is anticipated to be ready by the first half of 2025
- The new invoicing requirements could be implemented starting in 2027
Source: news.bloombergtax.com
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.
