ViDA Estonia has been the predetermining factor in the adoption of ViDA (VAT in the Digital Age). As previously, Estonia held a ‘veto’ to one of the Pillar's of ViDA. As of 5 November 2024, Estonia has removed their ‘veto’ as a compromise was reached, thus drawing a
Consensus has finally been reached on the October 2024 Proposal during the Economic and Financial Affairs Council (ECOFIN) configuration, held on 5 November 2024. The ViDA proposal consists of three ‘pillars’, of which Estonia has previously opposed one of the three pillars, placing a nearly two-year hold on final consensus
General Background Romania has been making strides in the e-invoicing world since 2020. The Romanian Ministry of Public Finance first mandated the use of e-invoicing and e-reporting for B2G transaction in July of 2022. E-invoicing was thereafter mandated for B2B transactions in July of 2024. Now, B2C transactions will be
General India has gradually been implementing electronic invoicing since 2020. Subsequently, many postponements for the mandated use of e-invoices have been allotted. The postponements are to ease the adjustment into the current global digitalisation, of which, India has now become a gracious participant. The implementation of e-invoicing in India is
On 5 November 2024, the Council of the European Union, focusing on Economic and Financial Affairs (ECOFIN), convened in Brussels. The meeting adopted a comprehensive agenda tackling both legislative and non-legislative matters critical to the economic framework of the EU. One of the key agenda points discussed is the VAT
France in Focus: La Facturation et les Rapports électronique On the 15th of October 2024 the Ministère Chargé du Budget et des Comptes Publics, did a press release advising on a transition in the development of e-invoicing and e-reporting in France. The simplification of electronic invoicing is a foremost step
General Background The beautiful country of Norway, situated on the Scandinavian Peninsula, has been aiming to further foster the digitalization of invoicing and reporting. Their goal being - to digitize the entire ‘order to pay process’. The current mandate imposed, only finds application to central, regional and local public contracting
General Background Starting in 2018, Taiwan’s Ministry of Finance has gradually implemented the mandatory use of electronic invoices, with the goal of future applicability to all taxpayers. The initiation of the undertaking is to provide a more efficient and affordable Cloud processing service. This prevents logistical problems and erroneous