- VAT in the Digital Age (ViDA) package was not approved at the ECOFIN council meeting
- Estonia objected to the use of ‘deemed supplier’ rules for platform economy in the taxi & accommodation sectors
- Estonian finance minister believes the deemed supplier model would impact VAT neutrality for SMEs
- Estonian minister suggested making the rule optional for EU member states
- Other EU member states are concerned about competition distortion if the rule is optional
- All other areas of the amended ViDA proposal have consensus
- Discussions will continue to find a way forward on the final remaining point
- ECOFIN council hopes to reach an agreement within the coming weeks, before the end of the Belgian presidency.
Source: meridianglobalservices.com
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.
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