E-Invoicing Mandatory for Intra-EU Business, Tax Official Says

Electronic invoices would be mandatory for all cross-border transactions between businesses within the European Union under a new legislative proposal expected Dec. 7, an EU tax policy officer said at an event Wednesday.

The European Commission, through its VAT in the Digital Age effort, seeks to revamp the European Union’s bloc-wide value-added tax and take a bite out of the 134 billion euros ($152 billion) in annual sales tax fraud.

VAT accounts for approximately 20% of total government revenue in EU member states, said Agustín Míguez Pérez, a policy officer in the European Commission’s tax directorate-general, speaking at a conference ...