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Electronic IDentification, Authentication and trust Services (eIDAS)
The eIDAS regulation defines three types of electronic signature (SES, AES, QES) and is a new regulation on electronic identification and trust services for electronic transactions in the European Single Market. It establishes a legal framework for people, companies (in particular, small- to mid-size enterprises) and public administrations to safely access services and execute transactions digitally across all EU member states.
eIDAS entered into force on 17 September 2014 and became applicable on 1 July 2016. It repealed and replaced the Electronic Signatures Directive 1999/93/EC, a European Union directive on the use of eSignatures in electronic contracts within the EU.
Simple Electronic Signature
A simple electronic signature (SES) is the existence of electronic data logically connected to other electronic data (documents without a legal form requirement and with a low liability risk — e.g., internal document, announcement) that is used by the signatory of the electronic data for signature of the document. Many electronic tools, including passwords, PIN codes, and scanned signatures can be regarded as an SES. This is the one-click solution for everyday documents.
Advanced Electronic Signature
An advanced electronic signature (AES) must ensure that signatures are uniquely connected to and capable of identifying the signatory (documents without a legal form requirement and with a calculable liability risk — e.g., rental agreement, contract of sale). It has to be created using electronic signature creation data that the signatory can, with a high level of confidence, use under their sole control.
Qualified Electronic Signature
A qualified electronic signature (QES) is a stricter form of AES and the only signature type given the same legal value as handwritten signatures (documents with legal form requirements and/or a high liability risk — e.g., temporary employment contract, audit report). It is an advanced electronic signature with a qualified digital certificate that has been created by a qualified signature creation device (QSCD). The QSCD has to be issued by a qualified EU Trust Service Provider (TSP) on the European Union Trust List (EUTL.)
Is TaxDome eIDAS compliant?
TaxDome meets all security standards and certifications to keep you eIDAS compliant. TaxDome maintains security standards such as ISO 27001, PCI DSS Level 1, and SOC 1, 2, and 3. With the TaxDome Drive, your data is always kept safe thanks to multiple layers of digital security such as encryption, strong passwords, and multi-factor authentication.
Disclaimer:
Please note, the information located on our site is for informational purposes only. It is not intended to and should not be relied upon or construed as a legal opinion regarding e-signatures. Consult a licensed attorney for legal advice or representation.