- European Parliament passed resolutions on VAT rules
- Measures include introducing digital reporting requirements to combat fraud
- Establishing a central electronic VAT information exchange system
- Protecting citizens’ fundamental rights as taxpayers
- Storing business data collected through e-invoicing and e-reporting physically within the Union
- Accepting VAT returns in euros
Source: news.bloombergtax.com
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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