Navigating the Digital Frontier: Unravelling ViDA’s Impact on VAT On the 21st of March 2024, the Group on the Future of VAT of the European Commission gathered for their latest meeting. Among other topics, they discussed the further developments of the VAT in the Digital Age (ViDA) package. In
Unfortunately, no consensus was reached at the most recent ECOFIN meeting with regards to the ViDA Proposal. Estonia opposed the deemed supplier rules, aiming to protect SMEs. They did not have objections against DRR or the Single VAT registration. Estonia's proposal is to make the deemed supplier rules
Introduction Australia is making significant strides in modernizing its financial systems, with a key focus on the revision of Peppol PINT. This article provides an in-depth look at these changes and their implications for businesses. The History of E-Invoicing and Peppol PINT in Australia E-invoicing in Australia has a short
Following the technology audit performed on Poland's e-invoicing system, KSeF, numerous errors were discovered. Due to this, a rebuilding of the system architecture is required. This rebuild has resulted in a further delay to the e-invoicing mandate, as follows: 1 February 2026: Companies with an annual turnover exceeding
What You Need to Know: Approved legislation mandates B2B e-invoicing in Belgium starting from January 1, 2026. The Chamber of Deputies sanctioned the bill on February 1, 2024, aligning it with the structured electronic invoice outlined in EU Directive 2014/55/EU. VAT-liable companies will be obliged to send and
e-Invoicing Tax administration in the digital era is a critical topic for companies worldwide. Globally there has been a trend towards real-time tax compliance including e-invoicing. There is a focus on digital records, transactional-level data, and real time reporting to tighten tax controls and increase the effectiveness of tax collection.