The so-called ViDA-package will, amongst others, significantly alter the current invoice legal framework:
- E-invoices will become mandatory to all B2B intra-Community transactions.
- The deadline for issuing e-invoices concerning intra-Community supplies (or for which the reverse charge rule applies) is of 2 working days (to be counted from the date of the chargeable event).
- Additional data is to be included in invoices, so to ensure: (i) the (holistic) use of e-invoices; and (ii) that the process of reporting will become fully automated.
Source Taxlab
