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New EU regulation for electronic ID and trust services [related to einvoicing]

New EU regulation for electronic ID and trust services [related to einvoicing]On 4 June 2012, the European Commission proposed a draft Regulation on electronic identification and trust services for electronic transactions in the internal market. The Regulation is expected to be come into force on 1st July 2014 and will be directly applicable cross the EU from that date and is an important step for the development of e-commerce, e-invoicing and e-procurement.

The Draft regulation on electronic identification and trust services for electronic transactions in the internal market.

A predictable regulatory environment for eID and electronic trust services is key to promote innovation and stimulate competition. On the one hand, it will ensure that people and businesses can use and leverage across borders their national eIDs to access at least public services in other EU countries fully respecting privacy and data protection rules. On the other hand, it will remove the barriers to seamless electronic trust services across borders by ensuring that they enjoy the same legal value as in paper-based processes.

The Regulation will enable, for example, students to enrol at a foreign university online; citizens to fill on-line tax returns in another EU country; and businesses to participate electronically in public calls for tenders across the EU.

EU Commission Vice President Neelie Kroes:
“The adoption of this Regulation on e-ID is a fundamental step towards the completion of the Digital Single Market. This agreement boost trust and convenience in cross-border and cross-sector electronic transactions. “

Michel Barnier, Commissioner for Internal Market and Services added:
“I welcome this agreement which is key to completing our work on the Single Market Act. It is an important step for the development of e-commerce, e-invoicing and e-procurement. The new rules will allow all actors in the single market – citizens, consumers, businesses and administrative authorities – to develop their “on-line” activities.”


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