As e-invoicing continues to gain global traction, the recent approval of the VAT in the Digital Age (ViDA) package marks a significant shift in tax reporting and compliance in the EU. Under this proposal, starting 1 July 2030, e-invoices must be issued and digitally reported for B2B and B2G cross-border supplies in the EU within 10 days. To ensure the right data and systems are in place to meet these changes, it is crucial for businesses to start preparing now.
The Tax Technology Update article in the most recent issue of the Irish Tax Review, authored by Tim Duggan and Katie Aragane in KPMG’s Tax Transformation and Technology team, explores:
- The fundamentals of e-invoicing
- EDI vs e-invoicing today
- E-invoicing implementation models adopted across jurisdictions
- How businesses can prepare for the upcoming changes
Read the full article here: https://lnkd.in/e78jNHM7
Hi Katie, Today we're going to take two minutes to talk about your Tax Technology update article in the Irish Tax View. Highlights for me were the history of invoicing together with the outline of what is in the invoice and what is not in the invoice, which I was very useful. In addition, I like the overview that you provided on the updated Vida agreements that was put in place in November 2024. What were highlights for you? Highlights for me. I thought it was really interesting the different models that various countries are taking to implement Ian voicing many of them embedding the tax authorities into the E invoicing chain wherein they get real time reports of the transaction. We also cover various delivery networks such as people a bit further in the article as well. You also provided the businesses both large and small with a good starting point for where to begin their journey on on the invoicing. So thanks very much for your time. If you want to know more about this topic about Ian Voicing, as you said, the article is published in the Irish Tax Review. Or alternatively, please get in contact with me, with Katie or with your usual KPMG contact.
