Response to VAT in the Digital Age (VDA) proposal
Romania is the latest EU member State to comment on the VAT in the Digital Age (ViDA) proposal, following in the path of Italy last month who actively engaged with the proposal and launched a public consultation in response. In respect of the e-invoicing and e-reporting components of the proposal, the Romanian Senate is largely supportive of the proposal. Specifically, however, they have noted that domestic transactions can be aligned with local requirements, rather than those set out in the intra-community reporting obligations. The ViDA proposal has significant ramifications for e-invoicing and e-reporting over the coming years. You can read more about the proposal here.