In business-to-business (B-to-B) EU trade, paper invoicing will be a thing of the past if the Commission’s proposal VAT in the Digital Age goes through. Consolidated invoicing and monthly summary reports to the Tax Administration would also remain in history. The billing cycle and reporting would speed up to almost real-time. The changes would take effect from the beginning of 2028. Entry into force requires the agreement of the EU countries, which is a requirement for things to progress in tax matters. The show consists of three separate entities.
Source ek.fi
Latest Posts in "European Union"
- Unlocking EU VAT Revenue: Closing Policy Gaps for Higher Yields and Lower Rates
- Hospitals’ VAT Deduction on Mandatory Equipment Depends on Direct Link to Taxable Activities, Not Legal Obligation
- EPPO Intensifies Crackdown on Major Cross-Border VAT Fraud Schemes in Spain and Germany
- ECON Committee Proposes Over 200 Amendments to EU Financial Sector Tax Framework Draft
- EN 16931 Validation Artefacts v1.3.16: Incremental Maintenance in Support of EU e‑Invoicing Compliance
