- EU Finance Ministers reached a consensus on the latest version of the VAT in the Digital Age (ViDA) package
- ViDA initiative includes three pillars with gradual implementation dates
- Three pillars are Digital Reporting Requirements, Platform economy, and Single VAT registration
- Key changes include e-invoicing becoming default by July 1, 2030 and real-time reporting for cross-border supplies
- European Parliament will be consulted before the proposal can enter into force.
Source: p2pnetwork.org
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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