- European Parliament voted in favor of opinions on legislation to update EU’s VAT regime
- MEPs advocated for a one-year delay in implementing most elements of the VAT in the Digital Age (VIDA) package
- MEPs also endorsed a report addressing changes to VAT rules for taxable persons facilitating distance sales of imported goods
- The report suggests eliminating the EUR150 threshold for Import One Stop Shop (IOSS) and extending the deemed supplier rule
- MEPs called for improved cooperation against VAT fraud and enhancements to the VAT Information Exchange System (VIES) VAT number validation functionality
- They recommended Commission support for national tax authorities to ensure operational electronic systems by January 1, 2030.
Source: globalvatcompliance.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.
