New European Union rules for e-bill and against VAT fraud

In the fight against VAT fraud in the European Union, new rules for electronic invoices and online businesses will apply in the future. European Union finance ministers finalized in a meeting at Brussels yesterday Green light for VAT Vidhan PackageThis should also promote digitization. For example, companies selling taxpayers and services in other European Union member states have to digitally report on any border crossing in real time based on e-accounting.

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So far, national tax authorities should be informed about such sales every few months. According to the European Union Council, the fraudsters opened the opportunity to take advantage of the difficulties of the authorities in the rapid recognition of suspected or fraud transactions. A real -time system prepared for use should be directed. Companies should issue e-bills for border cross transactions and automatically report data to their tax administration. As per the plan, the National Tax Officers will replace this data through a new IT system that should enable the analysis of suspicious activities.

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The existing European standards are to be used for e-billing in the field of public procurement. Among other things, Pepol Network may play a large role in the new system.

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In the case of e-bill, the material is shown in a structured, machine-elective XML data set, namely on paper or in an image file such as not in a PDF. To do this, you can use standards such as XML (pure XML) or hybrid format such as Zugferd, which also offers PDF for XML.

In domestic business transactions, the responsibility of attacking e-bill is introduced. From January 1, 2025, each company must be able to get e-bill. Since 2027, it is then determined that only e-bills are sent to business-to-business sectors among large companies. Small companies selling less than 800,000 euros will get one year, but then there is duty since 2028. An exception is made to small entrepreneurs under a certain sales limit.

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In addition, the online platform will have to collect VAT directly from the customer in the future to rent an apartment in the form of AirBNB or booking-or driving services and pay them to tax authorities. The new rules also suggest that companies working in various European Union countries will only have to register for the entire European Union for VAT purposes.

In the last November, an agreement was signed with the new rules. The legislative package should now be published in the European Union-Estmsbat, before it is applied and, if necessary, is included in the national law. The European Parliament had earlier approved the new rules.

(AXK)