Regulatory updates - EU
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
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European Parliament approves legislation related to the ViDA proposal
The European Parliament has published three resolutions approving and amending several aspects of the ViDA (VAT in the Digital Age) proposal. The ViDA proposal still awaits approval; however, the Parliament’s publishing of these resolutions shows progress in addressing many of the concerns ViDA intends to address.
The EU Commission has introduced a guide on Tax Codes for e-invoicing using EN 16931 standards
The guide outlines how tax codes defined in the European electronic invoicing standard (EN 16931) should be applied in specific tax-related scenarios to promote consistency.
ViDA proposal once more vetoed during ECOFIN meeting
Estonia vetoed the VAT in the Digital Age (ViDA) proposal for a second time during last week’s vote at the ECOFIN meeting on concerns regarding Pillar 2 (Platform Economy).
New approval timeline for the latest ViDA proposal publication
The latest publication’s potential approval has further been delayed until the end of June 2024. However, taxpayers are still curious as to what the newest proposal means for businesses and Member States within the European Union.
The United States and the European Union set sights on harmonizing cross-continental e-invoicing
During the sixth ministerial meeting of the Trade and Technology Council held on 4-5 April 2024, representatives from the EU and US aimed to strengthen trade and technology cooperation.
Unlocking Efficiency: European Commission Report on the Impact of e-Invoicing Directive in Public Procurement
On 19 February 2024, the European Commission released a report assessing the effects of Directive 2014/55/EU on the Internal Market and the uptake of electronic invoicing in public procurement. This report holds particular importance, especially given the ongoing discussions surrounding the ViDA proposal in the EU.
Suggested amendments to the ViDA proposal
ECON (Committee on Economic and Monetary Affairs of the European Parliament) published 251 suggestions for the VAT in the Digital Age proposal in two draft reports.
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