Vat invoicing12/16/2023 ![]() There remains some disagreement over pre-clearance e-invoicing, or at least some basic validation checks. Countries like Italy, Poland, Czech Republic, The Netherlands, Estonia and Lithuania felt countries should be able to set their own standards to reflect costs and existing plans. A number of states believe that there should be more flexibility for member states on domestic reporting, and limit the convergence of existing or proposed mandatory e-invoicing.Digital Reporting Requirements: Broad agreement to harmonise intra-community supplies digital reporting based on structured e-invoicing.At the monthly Economic and Financial Affairs Council (ECOFIN) meeting in Luxembourg, the following points were made: Questions were also raised on costs of significant IT investmentĮU Finance Ministers today provided the European Commission’s proposed VAT in the Digital Age reforms. Marketplace deemed supplier will not be extended to e-commerce goods for EU sellers ġ6 June: EU Finance Ministers broadly agree with ViDA proposals at ECOFINīut requests for delays on e-invoicing timetable and more consideration on platform reforms.Shortening the proposed 45-days rental threshold for the new deemed supplier obligations to 31 days.Exemptions for smaller businesses from the digital platform deemed supplier obligations. ![]()
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