- Abolishment of Register and Recap Statement: Effective July 1, 2029, the requirement for a register for transfers of goods and related reporting in the recap statement will be eliminated, streamlining compliance processes for businesses.
- Introduction of Digital Reporting and Electronic Invoicing: Starting July 1, 2030, real-time data reporting will replace recap statements for intra-community supplies, and electronic invoicing will be mandated, with new definitions and requirements ensuring compliance with EU standards, including immediate data transmission for specific transactions.
- Domestic Digital Reporting Options: Member States can require digital reporting for domestic transactions, mandating real-time data transmission for e-invoices and allowing flexibility in the types of transactions and taxable persons subject to these requirements, while ensuring adherence to EU electronic invoicing standards.
Sources
See also
- ViDA – Changes to the EU VAT Directive 2006/112 – Old vs. New articles – VATupdate
- ViDA Directive – Updated Draft Council Directive 2006/112/EC & Updated with ViDA amendements
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "European Union"
- Consultations of the VAT Committee as at 01/09/2025
- European e-Invoicing Standard EN 16931 Approved (Oct 23, 2025)
- Agenda of the ECJ/General Court VAT cases – 3 Judgments, 2 AG Opinions, 1 Hearing till November 27, 2025
- ECJ VAT C-544/25 (Nekilnojamojo turto valdymas) – Questions – VAT penalties and interest challenged as disproportionate and duplicative under EU law principles
- ECJ VAT C-496/25 (Lin III) – Questions – EU law may override national limits in VAT fraud prosecutions
