06.27.23
Member of European Parliament (MEP) VAT in the Digital Age (ViDA) discussions
On 25 May 2023, the European Parliament’s Economic and Monetary Affairs Committee (ECON) met to discuss the proposals of the VAT in the Digital Age package (ViDA).
The discussion unearthed some conflicting views with respect to the deadlines proposed by the Commission for e-invoicing. Specific Members of the European Parliament (MEPs) raised the following propositions:
- postponement of the deadlines by a year to allow a greater adaptation period
- extension of the deadline for electronic invoicing to 10 working days instead of the 2 working days outlined by the Commission, as this seems more realistic and viable
- deletion and / or adaptation of the new IBAN requirements.
The deadline for political groups to table amendments was 14 June 2023, with an ECON vote scheduled for October 2023.
Compliance is complicated
Want to learn more about how Tungsten Network makes the process of staying compliant easier?
Browse European Union updates
Strategic agenda EU Council published
- Country updates
Proposal for reduced rates for recyclable products
- VAT/G(S)ST rate information
Carbon Border Adjustment Mechanism (CBAM) draft law
- Other applicable taxes
Commission survey requesting e-invoicing feedback
- Country updates
Carbon border adjustment mechanism – CBAM (other taxes)
- Other applicable taxes
ViDA legislative process framework
- Country updates
EU and Singapore – Digital Partnership
- Country updates
VAT in the digital age – extension of feedback period
- Country updates
VAT in the Digital Age (ViDA) proposal
- Country updates
Carbon border adjustment mechanism
- Other applicable taxes