As you may have heard, the EU Commission has been looking at plans to upgrade and update the current EU VAT rules as a result of the ongoing digitization of the economy as well as the interaction with the tax authorities. For this purpose, the EU Commission is focusing on three areas where they feel new rules are needed most. These areas cover digital reporting requirements, the VAT treatment of the platform economy and the aim to decrease the need to have multiple VAT registrations throughout the EU using a single VAT registration and the OSS / IOSS system.
Source Jeroen Bijl
Latest Posts in "European Union"
- EU Parliament and Council Agree on Ambitious EU Customs Reform, Establishing New Authority and Data Hub
- CJEU: Businesses Entitled to VAT Refund When Incorrectly Charged and Invoice Correction Is Impossible
- EU VAT-Exempt Exports: Key Requirements, Risks, and Best Practices for Compliance
- Preliminary Questions on VAT Transfer of Business Assets in Real Estate Transactions in the Netherlands
- Answers to Parliamentary Questions on Revision of Regulation 904/2010: EOM and OLAF Access to VAT Data
