- The European Commission’s VAT in the Digital Age (ViDA) proposal has not yet reached an agreement after one year.
- The proposal includes a single VAT registration for businesses across the EU, VAT rules for the platform economy, and digital reporting obligations.
- The proposal requires unanimous agreement from all 27 member states.
- Changes have been proposed to the initial ViDA package and are being incorporated into further discussions.
- The element with the largest support is the simplification measures for a single VAT registration, allowing businesses to operate across borders within the EU.
- The proposal includes the setup of a new special scheme for transfers of stock and expanding the scope of the Union One Stop Shop.
- The proposal aims to reduce the need for taxpayers to register outside their country of establishment.
Source: www2.deloitte.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.
