- European Parliament Approval: The European Parliament has approved the ViDA proposal, moving it closer to official adoption by the Council of the EU, aimed at modernizing VAT systems across the EU.
- Focus on Simplification: ViDA emphasizes simplifying VAT processes, particularly through e-invoicing and Continuous Transaction Controls (CTC), with initial measures expected to take effect immediately upon the Directive’s enactment.
- E-invoicing Changes: Once implemented, Member States will no longer need EU authorization for domestic e-invoicing, and in countries with mandatory e-invoicing, buyer consent will not be required for issuing e-invoices.
Source: sovos.com
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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.
