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FASTER and ViDA on the agenda of the Ecofin Council on May 14, 2024

  • The Ecofin Council will discuss the “FASTER” directive on faster and safer reductions in excess withholding tax, aiming to reach a political agreement.
  • The implementation dates for all three parts of the “VAT in the digital age” (ViDA) proposal have been pushed back to allow sufficient time for implementation by taxpayers and tax administrations.
  • The Netherlands intends to support the present agreement, while all Member States except one are in favor of the proposal, with opposition to the platform fiction due to administrative burden.

Source Taxlive

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