Hungary’s Proposal: 10-Year Opt-Out to Resolve Dispute on ViDA VAT Package

• Hungarian Presidency of the Council of the EU is trying to resolve Estonia’s opposition to the VAT in the Digital Age (ViDA) package
• Estonia vetoed the deemed supplier rule twice, concerned about its impact on small traders
• Hungary proposed a 10-year general opt-out or a simplified version of a Belgian proposal
• Member States prefer the second option, which allows an opt-out for SMEs with reduced administrative burdens
• Estonia may accept a compromise after previously pushing for a voluntary opt-in system
• Agreement could be reached at a meeting on 24 October, with finalisation of the ViDA package possible on 5 November at the Ecofin meeting

Source: etaf.tax

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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