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As we published last week, the European Ministers of Finance (ECOFIN) decided for new rules to harmonize and simplify the European VAT invoicing rules. The draft proposal is alleged to have missed a historic opportunity for a breakthrough of cross border e-invoicing in Europe.
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This decision has caused a strong response. For a great deal, these reactions were negative of nature because the legislation appears to be stricter than initially proposed: it’s the world of e-invoicing upside down.
Trustweaver has composed an analysis of the changes around e-invoicing based on the decision. Also, the final version of the new regulation has been published. Both the decision of the Council of the European Union and the Trustweaver analysis are published below.
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If you can’t see the SlideShare upload, click here
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[...] reported by eeiplatform, the proposed changes have failed to streamline cross border invoicing processes and are much [...]