KPMG report: VAT in the digital age
Background and details of proposals
Background and details of proposals
The release on 8 December 2022 of the proposals for e-invoicing harmonization across the EU heralds a new era of (near) real-time transaction-level reporting to tax authorities on a scale never before seen. Read TaxNewsFlash
These proposals, once adopted, are designed to produce a common standard of transaction reporting of all cross-border intra-EU business-to-business (B2B) transactions by sellers and buyers, and a common framework for the reporting of domestic B2B as well as business-to-consumer (B2C) transactions across the EU (where member states apply it).
Read a December 2022 report [PDF 930 KB] prepared by KPMG tax professionals that discusses the background and details of the proposals
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