- Single VAT Registration: This is the final component of the ViDA package, set to be implemented from July 1, 2028, ahead of the other two pillars (DRR and Platform Economy). It aims to reduce the need for taxpayers to register as active VAT taxpayers in every country they sell to, thereby lowering administrative burdens.
- Extension of OSS: The One Stop Shop (OSS) procedure will be expanded to include the delivery of goods with installation or assembly, delivery on board ships, planes, or trains, supply of gas, electricity, heating, and cooling, and selected local deliveries. This extension simplifies VAT settlements by allowing more transactions to be covered under OSS.
- Harmonization and End of Call-Off Stock: The changes will harmonize the national reverse charge mechanism and eliminate the call-off stock mechanism. This will reduce the need for local VAT registrations and simplify the movement of goods within the EU, benefiting taxpayers by reducing administrative complexities.
Source MDDP
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