On 08.12.2022, the European Commission published a draft directive for the “VAT in the Digital Age” initiative, which intends to modernize VAT reporting obligations and to impose the use of e-invoicing for cross-border transactions. By implementing digital reporting requirements (DRR), the Commission introduces a transaction-by-transaction reporting system that shall replace the outdated recapitulative statements and provide information to Member States in almost real time. The implementation of mandatory e-invoicing shall form the basis of the DRR.
Source: KMLZ
Latest Posts in "European Union"
- EU VAT Data Exchange Divides Members, Hindering Digital Tax Future
- Recent ECJ and General Court VAT Jurisprudence and Implications for EU Compliance – March 2026
- Comments on T-221/25: EU General Court confirms (former) Belgian VAT treatment of travel outside the EU
- Agenda of the ECJ/General Court VAT cases – 1 Judgment, 2 AG Opinions till April 30, 2026
- EU Courts Reshape Transfer Pricing’s Impact on Indirect Taxes
