- Two major EU e-Commerce associations, E-Commerce Europe and EuroCommerce, have urged the Belgian Minister of Finance to implement the Single VAT Registration (SVR) element of the VAT in the Digital Age package (ViDA) in a timely manner.
- The ViDA draft legislation has been delayed, and it is expected that the new VAT changes, including the SVR, may not come into force until 2026.
- Belgium’s 6-month EU presidency began in January 2024, and there is a push to have the ViDA package approved before June this year.
- The SVR is important for the EU e-Commerce sector, especially for SMEs facing high VAT compliance costs.
- It will simplify VAT obligations and reduce compliance costs for traders within the EU. The authors of the letter also suggested removing the mandatory implementation of the Import One-Stop-Shop (IOSS) from ViDA and including it in the planned EU customs legislation overhaul.
- The timeline for the introduction of the SVR remains unclear, but it is emphasized that the sooner it is implemented, the better, with a maximum delay of one year only.
Source Meridian
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