Council of the European Union 20 December 2001, Council Directive 2001/115/EC of 20 December 2001 amending Directive 77/388/EEC with a view to simplifying, modernising and harmonising the conditions laid down for invoicing in respect of value added tax

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Council Directive 2001/115/EC amends Directive 77/388/EEC to simplify and harmonize value added tax (VAT) invoicing requirements across the internal market. The Directive establishes a uniform list of mandatory invoice particulars, provides a legal framework for electronic invoicing and storage, and authorizes the Hellenic Republic to use the 'EL' country prefix. Member States are required to implement these provisions by 1 January 2004, ensuring that national regulations do not impose additional obligations beyond the harmonized standards.AI