Next Steps for VAT in Digital Age after VAT EXPERT GROUP Meeting

VAT EXPERT GROUP meeting in Brussels on March 18 discussed next steps regarding VAT in the digital age
Summary of the discussion was published on April 11, covering updates for small and medium-sized enterprises (SMEs) and VAT reforms under VIDA
Progress on negotiations for the VIDA package, aiming to adapt VAT to digital challenges and modernize invoicing processes, was a key focus
Work on the VIDA package is ongoing, with a preliminary agreement on Single VAT Registration being welcomed
Implementation of VIDA is likely to be delayed to 2030-2032 due to technical details and political considerations
European Economic and Monetary Commission approved a preliminary annual delay for all three pillars of VIDA in October 2023
Belgian presidency will aim to finalize the VIDA package in upcoming meetings, but full implementation will require further work and time.

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.