What is Digital Reporting Requirements?

Digital Reporting Requirements, or DDR, is a pillar of ViDA. It is begin introduces for intra-EU supplies and ensuring interoperability on cross-border transactions. This entails the mandatory electronic submission of transactional data by business to tax authorities in real-time or periodically, facilitating efficient tax administration and compliance monitoring. ViDA uses DDR to enhance transparency, minimize tax evasion and streamline the VAT collection process across participating jurisdictions.