On 8 December, the European Commission adopted a series of measures to bring the EU VAT rules into the Digital Age.
The proposals, which sought to make sure that VAT revenue is efficiently captured by Member States while simplifying administrative processes for businesses, are made around three distinctive pillars. They essentially include:
- (i) move to real-time digital reporting based on e-invoicing
- (ii) new obligations for accommodation and transport digital marketplaces
- (iii) single VAT registration for businesses carrying out crossborder transactions.
Source DLA Piper
Latest Posts in "European Union"
- European Commission Seeks Feedback on Digital Business Wallet to Simplify EU Compliance and Operations
- VAT Classification of Loyalty Programs: ECJ Rules Loyalty Points Are Not Vouchers Under EU Law
- EU Proposes Single Market Company Framework for Seamless Cross-Border Business Expansion
- ECJ Rulings Clarify VAT Rebates for Pharmaceutical Companies in EU Public Health Systems
- How to Clearly Explain the IOSS €150 Limit to Your EU Customers: 4 Effective Methods
