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European Commission issued Package for fair and simple taxation – VAT priorities ….. have a look!!

The European Commission published its Package for fair and simple taxation on a website. The video on the website shows the priorities of the European Commission.

These  priorities include:

  • Facilitating trade in goods and services in the EU: The Commission will propose amending the VAT Directive to move towards a single EU VAT registration system;
  • Digital-friendly VAT rules:  The Commission will modernise VAT rules to ensure they are fit for the online platform economy;
  • Modern VAT rules for financial services: The Commission will update VAT rules on financial services, taking into account the rise of the digital economy;
  • Tackling VAT fraud head-on: To fight VAT fraud and help compliant businesses, the Commission will support Eurofisc to improve the use of technology and information sharing between Member States.

The goal of the EU Commission is that Member States have secure tax revenues, so they can invest in the people and businesses who need it most.

Source: ec.europa.eu

See also: EC Action plan – 25 priorities defined. Fixed establishments and E-Invoicing only being worked in 2022/23

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