The current European VAT system has been in place since 1993. Since that time, a formal transitional regime has has been in place, and this regime has been in place for almost 30 years now. Economic and technological developments have not stood still, and despite several updates to the VAT rules in 2006, 2010, 2020 and 2021, on December 8, 2022, the European Commission finally presented a completely new plan to modernize the VAT rules in the EU: VAT in the Digital Age (ViDA).
This article introduces the recently proposed changes to the EU VAT rules and is the first article in a series about VAT in the Digital Age. The articles are a starting point of the webinar series that Less Grey organises about this topic. We recommmend you tune-in to these as well.
Source: Less Grey
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