- EU faced setback on ‘VAT in the Digital Age’ reforms
- Only one member state opposed the proposals
- Reforms expected to be rolled out between 2024 and 2030
- Key ViDA proposals include new electronic invoicing requirements
- Mandatory adoption of electronic invoicing by 2030
- Digital reporting to become mandatory from 2030
- Revised rules for platform economy delayed until 2027
- Simplified VAT registration and reporting proposals postponed to 2027
- Focus on minimizing need for businesses to register for VAT in multiple EU member states
Source: taxually.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.
Latest Posts in "European Union"
- Roadtrip through ECJ Cases – Focus on ”Vouchers” (Art. 30a, 30b, 73a)
- Roadtrip through ECJ Cases – Focus on ”Composite supplies”
- Roadtrip through ECJ cases: Focus on ”VAT rates” (Art. 96-99)
- VAT Committee Clarifies Single-Purpose Vouchers and ECJ Judgment on Supply and Taxation Rules
- EU Commission Unveils Strategy for Digital VAT Reform Implementation and Timelines
