Ecofin aims for political agreement on VAT in the digital age

• 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.

---

---