3 reforms: e-invoicing and transaction-based reporting; platform gig & sharing economies and e-commerce; and Single EU identification number with extension of OSS to all B2C and certain B2B
The European Commission will shortly be initiating the next rounds of its ‘VAT in the Digital Age’ reforms. We can expect and update in November 2021, after the upcoming Fiscalis meeting, and final proposals and Directive amendments by October 2022. These three reforms come from the 2020 Tax Package measures and follows the completion of the EU VAT e-commerce package on 1 July 2021.
Source vatcalc
Latest Posts in "European Union"
- EU Eyes Green VAT Reforms to Boost Donations and Circular Economy
- New EU Guidelines Clarify VAT and Union Status Rules for Boat Owners
- ECJ Rules on Spanish VAT Deduction Limits for Client Gifts
- Senator Calls for Zero VAT on Sunscreen Amid Skin Cancer Concerns
- Stellantis Case Update: Transfer Pricing Adjustments Not Always Subject to VAT
