The European Union is introducing reforms to its financial landscape with the Value-Added Tax (VAT) in the Digital Age (ViDA) initiative. This is in response to the digital transformations affecting business and trade. The reforms focus on Digital Reporting Requirements (DRR), e-invoicing, and the role of digital platforms in VAT collection. There has been growing demand for these reforms, and this article aims to elaborate on their implications.
Source RTC
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