Revised ViDA drafts for approval on the Ecofin meeting on May 14, 2024 published
What is in the ViDA proposal for the PLATFORM ECONOMY
- Platform economy poses challenges for VAT application, leading to competition distortion. Rules proposed to address VAT collection by platforms in short-term accommodation and road transport sectors.
- To maintain VAT neutrality, platforms should not charge VAT when underlying suppliers provide their VAT identification number and declare their intention to charge VAT. Member States can exclude small enterprises from this rule.
- Short-term accommodation rental services should be treated similarly to hotels for up to 30 nights, with flexibility for Member States to apply national criteria and conditions.
- Platforms and travel agents exempt from deemed supplier rule
Source data.consilium.europa.eu
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