- Revised Timeline and Legislation: The Estonian Tax and Customs Board has set the mandatory B2B e-invoicing implementation for 2027, allowing businesses time to adapt. Draft legislation amending the VAT and Accounting Acts is expected by mid-2025, with public consultations to align with the EU’s “VAT in the Digital Age” initiative.
- Key Reforms and Reporting Changes: The new e-invoicing system will require resident businesses to declare B2B sales through a platform where tax authorities approve invoices. Additionally, the elimination of the €1,000 transaction reporting threshold aims to enhance tax collection and increase government revenue.
- Implementation and Benefits: By July 2025, businesses can register for machine-readable e-invoices, marking a voluntary phase for system integration. The mandatory e-invoicing in 2027 is projected to add €16 million annually to state revenue, improve VAT collection, and streamline administrative processes for taxpayers.
Source SNI
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