The European Parliament published its Report regarding the European Commission’s proposal for detailed rules of a definitive VAT system. In the Report, the European Parliament suggests certain amendments to the original proposal.
Note from the editors: It seems that the EU Parliament accepts the EU Commission’s proposal, including, for example, the establishment of a Certified Taxable Person. We believe that this, and some of the other proposals of the EU Commission, will not help in fighting VAT Fraud, and only make the rules, requirements and interpretations by the Member States more complicated for businesses. For example: how will Member States determine if someone can be a Certified Taxable Person? Are the requirements the same in all Member States, and will they be interpreted and applied the same everywhere?
Source: European Parliament
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