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1. • • Enter ViDA – short for “VAT in the Digital Age” – an initiative that promises to revolutionise the way organisations handle Value Added Tax (VAT) and other related transactions. Designed to simplify, standardise, and secure tax processes, ViDA is set to transform the tax compliance landscape and how invoices are handled.
     ecosio.com/en/blog/vida-what-is-it-and-how-will-it-affect-you/

     ViDA: What Is It and How Will It Affect You? - ecosio

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   What is Vida & how does it work?

   • What is ViDA? ViDA is a European Commission initiative (published in December 2022) focussed on modernising and digitising the way organisations manage their Value Added Tax obligations.

   ViDA: What Is It and How Will It Affect You? – ecosio

   ecosio.com/en/blog/vida-what-is-it-and-how-will-it-affect-you/

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   What are Vida's vat measures?

   • ViDA's series of far-reaching VAT measures, which aim to reduce the €93b VAT gap in the EU and to make the VAT system more efficient for businesses, revolve around three pillars: e-invoicing and digital reporting, the single VAT return for trading across the EU, and the platform economy.

   What ViDA means for the rise of global e-invoicing | EY - UK

   www.ey.com/en_uk/insights/tax/what-vida-means-for-the-rise-of-global-e-invoicing

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   What is Vida & e-invoicing?

   • ViDA and e-invoicing requirements will catalyze the work that many organizations need to do to better integrate tax and other business elements regarding data management and usage. Larger organizations are using ViDA and the rise of e-invoicing as an opportunity to take a step back to consider a strategy, not just a solution.

   What ViDA means for the rise of global e-invoicing | EY - UK

   www.ey.com/en_uk/insights/tax/what-vida-means-for-the-rise-of-global-e-invoicing

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   What is VAT in the digital age (Vida)?

   • The European Union has unveiled a sweeping set of proposals to overhaul VAT rules called VAT in the Digital Age (ViDA). This ambitious initiative aims to modernize VAT reporting, promote convergence, and reduce costs for businesses.

   Demystifying ViDA - A Deep Dive into the EU's Groundbreaking New VAT

   lookuptax.com/docs/explainers/vida-vat-in-the-digital-age-guide-latest-updates

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3. www.ey.com › en_uk › insightsWhat ViDA means for the rise of global e-invoicing | EY - UK

   www.ey.com › en_uk › insights

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   Apr 14, 2023 · ViDA provides an opportunity for tax leaders to get the rest of the organization to stand up and realize that they need to make fundamental changes and build tax requirements into every stage of the process.

4. yokoy.io › blog › what-is-vida-vat-in-digital-ageWhat is ViDA (VAT in the Digital Age)? - Yokoy

   yokoy.io › blog › what-is-vida-vat-in-digital-age

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   Mar 18, 2024 · ViDA stands for VAT in the digital age. The initiative by the EU Commission represents a regulatory framework that aims to modernise the existing VAT system. The primary objective is to create a fair and efficient mechanism for the collection of VAT from businesses engaged in online transactions with customers within the European Union.

5. www.celtrino.com › what-is-vida-vat-in-the-digital-ageWhat is ViDA (VAT in the Digital Age)? - Celtrino

   www.celtrino.com › what-is-vida-vat-in-the-digital-age

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   Jul 21, 2023 · ViDA essentially revolves around three key elements: eInvoicing and real-time digital reporting – the aim here is to harmonise VAT reporting obligations with the introduction of real-time digital reporting based on einvoicing.

   • Author: Brian O'grady

6. taxbackinternational.com › blog › what-is-vidaWhat is ViDA | VAT in the Digital Age | Blog March 2024

   taxbackinternational.com › blog › what-is-vida

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   Mar 28, 2024 · ViDA, is short for VAT in the Digital Age. The European Commission has proposed ViDA as a framework aimed at modernising the existing VAT system to adapt to the digital landscape by 2028.

7. eng.maventa.fi › blog › what-is-vidaWhat is ViDA and how to comply with the upcoming changes ...

   eng.maventa.fi › blog › what-is-vida

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   Jul 23, 2024 · ViDA, short for VAT in the Digital Age, is the EU’s answer to challenges of taxing online sales. Its aim is to make sure that businesses selling online to EU customers pay VAT fairly, regardless of their location. This involves standardised digital reporting and more information on invoices.

8. lookuptax.com › docs › explainersDemystifying ViDA - A Deep Dive into the EU's Groundbreaking ...

   lookuptax.com › docs › explainers

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   Nov 22, 2023 · The centerpiece of ViDA is the plan to require real-time digital reporting of invoice data for intra-EU B2B transactions. This aims to help tax authorities spot potential missing trader fraud on cross-border trades. Here are the key elements proposed: