- Ecofin Council aims to reach a political agreement on the VAT in the Digital Age (ViDA) directive
- ViDA proposal includes digital reporting obligations, addressing challenges of the platform economy, and a single VAT registration in the EU
- Member states with existing domestic systems for reporting obligations and e-invoices will have a longer transition period to align with the new European system
- Compromise text on platform fiction provides flexibility for member states in applying the rules for short-term accommodation rentals
- Import-One-Stop-Shop (IOSS) subpart will be removed from the ViDA package and transferred to negotiations on the new Customs Code
- Netherlands intends to approve the current package
Source: taxlive.nl
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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