Regulatory updates - EU
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
EU introduces cross-border SME scheme
Starting 2025, EU enforced legislation to promote equality of taxation within the union, regardless of place of establishment. Exemption from VAT obligations will now be possible across several member states through amendments to the SME scheme. The legislation aims to reduce the administrative burdens for small companies while facilitating cross-border trade.
European Parliament issues draft report regarding ViDA approval
After the recent unanimous agreement on ViDA during the 5 November ECOFIN meeting, further progress has been made on the proposal gaining final approval. The European Parliament has issued a draft report on the EU Council’s draft directive amending the proposal.
OpenPeppol announces the launch of a ViDA pilot
In the wake of the recently agreed upon VAT in the Digital Age (ViDA) proposal, OpenPeppol is introducing a pilot dedicated to the initiative. The pilot will test the applicability of the 5-corner model and how it will address e-invoicing and digital reporting requirements (DRRs) associated with the new proposed regulations.
The EU Council introduces electronic VAT exemption certificate
Following the ViDA initiative, the EU is taking another significant step towards modernizing tax processes by implementing a VAT exemption e-certificate, which removes the necessity for paper certificates to be manually signed. This initiative represents a significant move towards digitalization in tax processes across the EU.
CEN Technical Commitee 434 to revise electronic invoicing standard
The European Standard on Electronic Invoicing (EN 16931–1) is being revised to support the upcoming requirements stipulated in the ViDA proposal and legal provisions in countries like Germany.
The European Council has reached an agreement on the ViDA proposal
During the ECOFIN meeting on 5 November 2024, the European Council dictated the status of the latest version of the ViDA proposal. The document addresses the three pillars, refining the matters that contributed to the delay in the proposal’s approval.
ESPR regulation and Digital Product Passport: how will they affect e-invoicing and CTC regulations?
The European Commission has introduced the Ecodesign for Sustainable Products Regulation (ESPR) as part of its ongoing efforts to promote sustainability and reduce environmental impact through product design and manufacturing.
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).