The European Commission (EC)’s action plan for fair and simple taxation – ’VAT in the Digital Age’- continues to progress. After a public consultation process, the EC has published Final Reports discussing the best options for the European market to fight tax fraud and benefit businesses with the use of technology.
The areas covered are:
- VAT reporting obligations and e-invoicing
- VAT treatment of the platform economy
- Single EU VAT registration
Source Sovos
