E-Invoicing and digital reporting developments in the EU

This article gives an overview of the latest country developments in e-invoicing and digital reporting. Furthermore, we review the latest EU developments and the reactions to the “VAT in the Digital Age” (ViDA) proposal. The article concludes with a view on expected further developments in e-invoicing and digital reporting and provides tips on how to prepare for the ViDA and e-invoicing. Background of the ViDA proposalSeveral EU member states (MSs) have already introduced their own electronic invoicing (e-invoicing) systems and/or electronic communication of certain data according to the tax authorities’ requirements (continuous transaction controls/digital reporting requirements (DRR)). For example, in Italy, invoices must be issued electronically via SdI (so called "Sistema di interscambio") for supplies between Italian resident subjects (business-to-business (B2B) and business-to-consumer (B2C)). Major changes in the EU VAT were proposed at the end of last year, for more information...