EU and Singapore - Digital Partnership
The focus in recent weeks, from a European perspective, has been centred internally in Europe, what with the publication of the VAT in the Digital Age (ViDA) proposal. However, other initiatives are being launched which shed insight into the global outreach of e-invoicing. On 1 February 2023, the EU and Singapore announced the commencement of a new Digital partnership. Among other things, this digital partnership endeavours to promote co-operation in specific areas, with a focus on paperless trading and electronic e-invoicing. Tungsten will follow developments in respect of the Digital Partnership and monitor any significant issues that arise as a result of this joint venture.