ViDA Negotiations Extended Beyond 2024
Due to the inability to agree on crucial ViDA policy factors and the current Spanish EU presidency ending, prospects for successfully negotiating ViDA’s final details in the nearest months are waning.
European Union’s Council is meeting again on November 23rd to discuss a roadmap of negotiations planned for 2024 under the new Belgian EU presidency. The current working framework outlines a three-pillar approach to introducing the reforms:
- 1st Pillar will introduce provisions for establishing EU-wide digital reporting and e-invoicing requirements. It is set to introduce structured e-invoicing mandates and intra-EU transaction reporting obligations. There is still no agreement about various technical issues and the allowed scope of mandates. Thus, the pillar’s provision introduction could be delayed to 2028 or 2030.
- 2nd Pillar regards regulation of home- and ridesharing platform taxation throughout the community. This may be delayed until 2026.
- 3rd Pillar is the closest one to reaching full agreement. It covers extending the EU’s VAT One Stop Shop returns and other changes to international tax regimes. This one might be delayed to 2025 or 2026 as well.
Even though the European Union’s e-invoicing legislation faces numerous delays, individual member states do not slow down in introducing their own electronic invoicing mandates. One is coming up in Romania on January 1st, 2024, with Poland following similarly on July 1st, 2024. To maintain compliance in this ever-changing landscape, staying updated about constant changes and upcoming deadlines is essential.
There’s more you should know about global e-invoicing changes – learn more about the new and upcoming regulations.
