- The EU’s “VAT in the Digital Age” (ViDA) reform package will bring major updates to the EU VAT system
- Impact on non-EU businesses will depend on their level of engagement within the EU market
- ViDA is organized around three main pillars: Digital Reporting and E-invoicing, Platform Economy, and Single VAT Registration
- Mandatory e-invoicing and digital reporting for cross-border intra-EU transactions will start on July 1, 2030
- ViDA introduces short-term measures to encourage member states to adopt e-invoicing for domestic transactions sooner
Source: forbes.com
- BREAKING: ECOFIN approved the VAT in the Digital Age (ViDA) Act – Compromise has been reached
- ViDA – Consolidated version of the EU VAT Directive 2006/112/EC once ViDA Act will be enacted
- Newsletters on approval of VAT in the Digital Age
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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.
