VAT in the Digital Age: prepare now for mandatory e-invoicing
ViDA (VAT in the Digital Age) is the European Union’s plan to modernize VAT rules. This new legislation will have a major impact on administrative departments. Sending invoices as we often do now, by pdf or email, will therefore largely disappear.
From 2030, electronic invoicing (e-invoicing) will become the standard for international transactions within the EU. Step by step, countries will also introduce this nationally. This means that companies will have to fundamentally change their administration. Not in five years’ time, but now.