VAT in The Digital Age - ViDA - PWC Slovakia

PwC Slovakia Tax & Legal Alert VAT in the Digital Age - ViDA
VAT in the Digital Age - ViDA
In December 2022, the European

ViDA
Commission
consists of three key parts:
presented proposals for the modernization of
VAT rules under the concept of VAT in the invoicing
Electronic
digital age ("ViDA"). Currently, the European
Delivery
Parliament is considering a number of Facilitation Platforms - Expanded Use
amendments proposed by individual member
countries. The ViDA proposal mustUnified registration for VAT and improvement of
still undergo
special
the approval process before it enters into (OSS,
force. iOSS) schemes
If the proposal is approved, the various measures will

take effect between 1 January 2024 and 1 January
2028.
Changes to electronic invoicing and reporting
The proposed ViDA contains the following changes:
From 1 January 2024 From 1 January 2028
From 1 January 2024
New definition of an electronic invoice to harmonize the existing rules of

electronic invoicing for public procurement. An electronic invoice will be
defined as a document that has been issued, sent, and received in a
structured electronic format that allows its automatic and electronic
processing
The right of the recipient of an electronic invoice to reject an electronic

invoice and request a paper version instead will be abolished
VAT and platforms from January 1, 2025

Unified registration for VAT from 1
January 2025
The new proposal extends the current
functioning of the platforms to all deliveries ofAs part of this package, it is proposed to:
goods in the EU and certain services via an
electronic interface, in particular short-term Extend the transfer of tax liability rule to al
rentals of tourist accommodation and personal goods and services supplied by a non-
transport provided by certain persons, e.g. resident person to a VAT payer in the stat
non-taxable or non-resident person. The of supply
platforms will be responsible for the collection
and remittance of VAT. Extend the use of single point of contact
schemes ("OSS and iOSS") to cover B2C
Since the provision of services will be deliveries of goods including home
considered as the delivery of services by the deliveries of second-hand goods, works o
platform, the platform will be obliged to charge art, collectables and antiques
VAT on the price of the delivered service.
Supply to providers will be considered Introduce new rules for the transport of ow
"exempt" with no right to deduct VAT. goods and cancel the current simplificatio
for consignment warehouses
These changes are intended to reduce the need for multiple VAT
registrations in different Member States.
Current expert discussion /

amendments What does that mean?
Individual EU member states have proposed The proposed changes, especially the
more than 300 amendments. The most transition to electronic invoicing and
significant are: "real-time reporting", will affect all
businesses and create additional costs
1. Retention of domestic requirements for for business for technological solutions
real-time reporting introduced by Member and process setup. This will primarily
States; affect smaller entities without sufficient
resources to implement these changes.
2. Extension of the deadline of 2 working days They will, however, be able to take
for issuing electronic invoices for cross- advantage of more favourable
border transactions; conditions for VAT registration. Entities
operating in the EU should begin
3. Postponement of entry into force of the considering their readiness for these
proposed provisions by 24 months; changes now.
Contact us
Jan Skorka
Director, PwC Slovakia
Tel: +421 918 642 128
Email
Miloslav Jošt
Senior Manager, PwC Slovakia
Tel: +421 907 431 857
Email
Eva Fričová
Senior Manager, PwC Slovakia
Tel: +421 903 268 048
Email
Lenka Kollárová
Manager, PwC Slovakia
Tel: +421 903 690 080
Email
Boris Školník
Manager, PwC Slovakia
Tel: +421 904 939 732
Email
PwC Slovakia > Tax & Legal Alert > VAT in the Digital Age - ViDA
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PwC Slovakia Tax & Legal Alert VAT in the Digital Age - ViDA

VAT in the Digital Age - ViDA

In December 2022, the European

If the proposal is approved, the various measures will

Changes to electronic invoicing and reporting

The proposed ViDA contains the following changes:

From 1 January 2024 From 1 January 2028

From 1 January 2024

New definition of an electronic invoice to harmonize the existing rules of

The right of the recipient of an electronic invoice to reject an electronic

VAT and platforms from January 1, 2025

Current expert discussion /

Legal Disclaimer Privacy Commitment Cookies Information About Site Providers

Site Map Newsletter

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