IOTA Holds Its First Event of 2015: The Promotion and Facilitation of Electronic VAT Invoices

IOTA Secretariat's picture
Published by:
 35 delegates from 21 IOTA member countries met in Budapest, Hungary, 21st-23rd January 2015 to discuss their tax administration's approach to the Promotion and Facilitation of Electronic VAT Invoices.
The workshop examined the new rules on VAT invoicing (Council Directive 2010/45/EU) introduced by EU member states in their national VAT legislation from the 1st January 2013. The main focus was on the initiatives taken by the IOTA tax administrations to promote and encourage the adoption of electronic invoices and practical approaches from other parties. Also discussed where the concepts of business controls and reliable audit trail, in particular how they ensure the authenticity, integrity and legibility of electronic VAT invoices. The workshop was also attended by a number of non-EU IOTA members who have introduced e-Invoicing in their countries. 

Full details of the presentations, topics discussed and the comments from the group sessions are available on the IOTA website for registered users.