Type: Legislation Proposal In order to fund the €800 million post-pandemic economic recovery and green and digital transformation plans for the EU, the European Parliament has supported a report calling...
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EU
Type: Legislation The European Commission’s “VAT in the Digital Age package” (ViDA), which was announced on December 8, 2022, aims to modernize EU VAT regulations further and change how firms...
Type: Review The European Commission’s VAT Committee recently released a review discussing the VAT implications for NFTs within the EU. The report aims to provide clarification on the rapidly evolving...
Type: Legislation and Regulation Mandatory e-invoicing will be required for all intra-community supplies, adhering to the European e-invoicing standard (EN 16931), utilizing structured formats like XML, UBL, and PDF/A3. Additional...
Type: Legislation Governments are digitizing indirect tax collection across Europe, including value-added tax. Their objective is to improve public authorities’ visibility into transactions and collect more revenue by correcting persistent...
EU rejects pre-clearance e-invoicing
January 11, 20230
Type: Legislation The European Commission (EC) has decided not to mandate taxpayers to live report to tax authorities VAT sales invoices before issuance to consumers – “pre-clearance model” – as...