The European Union (EU) may postpone the implementation of its ambitious VAT reforms for the digital economy by one year, according to a proposal from a key parliamentary committee. The VAT in the Digital Age (ViDA) proposal, which was unveiled by the European Commission in July 2020, aims to modernize and simplify the VAT rules for online businesses and platforms and to introduce mandatory digital reporting and e-invoicing for all B2B transactions in the EU. The original deadline for the implementation of the ViDA proposal was 2024 for the single VAT registration and platform economy provisions and 2027 for the digital reporting and e-invoicing provisions.
Source: fiscal-requirements.com
Latest Posts in "European Union"
- ECJ C-101/24 ( XYRALITY) – Judgment- German developer is not liable for VAT on services via an app store
- ECJ Rules No VAT Liability for Incorrect Rates Charged to Non-Taxable Consumers
- ECJ Confirms VAT Exemption for EU Goods Exported Outside Union After Intra-Community Supply
- ECJ Rules Against Automatic Single Supply Treatment for Intra-Group Management Services
- Agenda of the ECJ/General Court VAT cases – 3 Judgments, 3 AG Opinions, 1 Hearing till October 28, 2025
