Transforming VAT: How is Europe modernising tax reporting?

The digitisation of indirect tax collection, such as VAT, is growing in popularity across governments in Europe. Public authorities are looking to increase visibility into transactions and close long standing VAT gaps to collect more revenue. With countries facing increased economic pressure, including a global recession in sight and buildup of debt from the global pandemic and energy crisis, this increased revenue might offer some relief.

Source financedigest

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