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European Parliament Adopts Opinion on ViDA Package to Modernize EU’s VAT Regime

  • European Parliament adopts opinions on the “VAT in the digital age” package (ViDA)
  • Legislation updates EU’s VAT regime to align with digital era
  • MEPs propose one-year delay to allow businesses time to prepare
  • Changes made to Commission’s proposals on obligations of online platforms
  • Second report fully endorses Commission proposal on VAT rules for distance sales of imported goods
  • MEPs call for improved cooperation in fighting VAT fraud
  • VAT Information Exchange System (VIES) VAT number validation functionality should be improved.

Source: etaf.tax

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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