European Union: Council Regulation (EU) 2025/517 amending Regulation (EU) No 904/2010 establishing a central VAT Information Exchange System (VIES) enters into force
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Council Regulation (EU) 2025/517 amending Regulation (EU) No 904/2010 establishing a central VAT Information Exchange System (VIES) enters into force
On 1 July 2030, Article 4 of Council Regulation (EU) 2025/517 amending Regulation (EU) No 904/2010 entered into force. The provision establishes the centralised Value Added Tax (VAT) Information Exchange System (central VIES), which is developed, hosted and managed by the European Commission. Member States are obliged to establish and maintain national electronic systems to automatically transmit data to the central VIES. This encompasses information pertaining to intra-Community supplies, VAT identification details, and the invalidation of VAT numbers, with the transmission of this data required no later than one day following its collection. The Regulation stipulates that the data stored in central VIES be retained for a period of 10 years from the end of the year in which it was transmitted, for the purposes of VAT control and administrative cooperation.
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