With the implementation of VAT in the Digital Age (ViDA) per July 1, 2030, the timelines to issue invoices are reset. This is included in the new version of articles 222 and 223 in the EU VAT Directive 2006/112/EC.
Article 222
Invoice Issuance for Specific Supplies:
- For supplies of goods carried out in accordance with the conditions specified in Article 138 or for supplies of goods or services for which VAT is payable by the customer pursuant to Articles 194, 195, 196, and 197, an invoice shall be issued no later than 10 days following the chargeable event.
Advance Payments:
- In case of a payment on account before supplies of goods or services for which VAT is payable by the customer pursuant to Articles 194, 195, 196, and 197 are carried out, an invoice shall be issued no later than 10 days following the receipt of the payment on account.
Other Supplies:
- For other supplies of goods or services, Member States may impose time limits on taxable persons for the issuance of invoices.
Article 223
Summary Invoices:
- Member States shall allow taxable persons to issue summary invoices which detail several separate supplies of goods or services, provided that VAT on the supplies mentioned in the summary invoice becomes chargeable during the same calendar month.
Issuance Deadline for Summary Invoices:
- For supplies of goods and services referred to in Article 222, summary invoices shall be issued no later than 10 days following the end of the calendar month to which the summary invoice refers.
Exclusions in Fraud-Sensitive Sectors:
- Member States may exclude the possibility to issue summary invoices in certain fraud-sensitive sectors. Member States shall inform the VAT Committee of exclusions they have implemented.
See also
- ViDA – Consolidated version of the EU VAT Directive 2006/112/EC
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