VAT in the Digital Age proposals

In response to the ever-increasing digitisation of the economy, on 8 December 2022 the European Commission published its long-awaited proposals to revamp the EU’s VAT system. The proposals have three main objectives:

1. Modernising VAT reporting obligations, by introducing Digital Reporting Requirements
2. Addressing the challenges of the platform economy
3. Avoiding the need for multiple VAT registrations in the EU by introducing Single VAT Registration

Source

• PwC
• Crowe
• vat-int

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