06.27.23
Economic and Financial Affairs Council (ECOFIN) VAT in the Digital Age (ViDA) discussions
The VAT in the Digital Age (ViDA) proposal is still stimulating discussion across the continent with its significant e-invoicing and e-reporting plans, which will dictate the trajectory of the same over the next few years.
The Economic and Financial Affairs Council (ECOFIN) will convene to discuss the ViDA proposal on 16 June 2023. Consensus appears to support aligning the e-invoicing and e-reporting procedures, although concerns around timelines have been raised from a practical perspective.
The following document outlined by the Council of the European Union provides an outline to steer the main points to be addressed in the meeting:
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CONSIL:ST_9749_2023_INIT
Kofax will follow any meaningful conclusions derived from the meeting.
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