- On Thursday 25 May, the ECON committee of the European Parliament met to discuss the proposals of the VAT in the digital age package (ViDA). MEPs agreed with the need to close the loopholes and tackle the VAT fraud. The discussion however showed some divergent views with respect to the deadlines proposed by the Commission for the electronic invoicing.
- During the meeting, the rapporteur, MEP Olivier Chastel (Renew Europe, Belgium) called for postponing the deadline for entry into force by 1 year to give the companies and authorities time to adapt.
- He also said that the deadline for electronic invoicing should be extended to 10 working days instead of the 2 working days proposed by the Commission.
- The new date and IBAN requirements should either be deleted or adapted, he added. Other issues discussed included the role of the EPPO, ways to deal with the platform economy or the respect of privacy.
- The deadline for political groups to table amendments is 14 June and the vote in ECON is scheduled for October 2023.
Source: etaf.tax
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