The American Chamber of Commerce to the European Union is urging for the swift completion and adoption of the EU’s VAT in the Digital Age (ViDA) proposal during the Belgian Presidency of the Council. They emphasize the benefits of ViDA, particularly the Single VAT Registration (SVRN), for US and European companies, especially those involved in e-commerce and enabling SMEs to engage in cross-border sales. The SVRN would simplify VAT compliance and reduce the burden of multiple registrations. The Chamber highlights the importance of finalizing negotiations and implementing ViDA without delays, ensuring that businesses, particularly SMEs, can benefit from the reforms and Member States can enhance VAT revenue collection. They call on the Belgian Presidency to prioritize concluding the ViDA negotiations, adopting the SVRN, and establishing an expeditious yet feasible timeline for implementation.
Source AmCham EU
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "European Union"
- ECJ Rules Non-Transactional Profit Adjustments by Principal Are VAT-Applicable Services in Arcomet Case
- Understanding VAT Implications on Transfer Pricing: Insights from Arcomet Case C-726/23
- VAT Implications on Transfer Pricing Adjustments: Insights from Acromet Towercranes Case
- CJEU Ruling: Transfer Pricing Adjustments Impact VAT in Arcomet Case (C-726/23)
- EU Court of Justice Rules Transfer Pricing Payments Subject to VAT in Arcomet Case
