EU Regulations for E-InvoicingTo achieve basic standards of clarity and certainty in a taxation system, the incidence of taxation must be well defined. The tracking of indirect taxes such as VAT relies on invoices as the primary evidence of a commercial transaction. When business evolves by means of advance technologies, documentary evidence such as invoices must match these advances. The European Union has recognized the importance of e-invoicing for e-commerce.
The following questions have been addressed in this article:What Is The Importance Of E-Invoicing VAT Transactions In E-Commerce?
What Is The European Commission Recommendation 1994/820/EC.?
How Did Directive 1999/93/EC Contribute To The Development Of E-Invoicing?
How Has Directive 2001/115/EC Enabled E-Invoicing For VAT?