VAT: Catalyst for Digitalisation, Globalisation, and a Sustainable Future

• VAT is more than a revenue tool; it relates to digitalisation, internationalisation, and sustainability.
• Madeleine Merkx, a Professor of Indirect Taxes, focuses on VAT’s role in these areas.
• VAT is influenced by social developments, such as circular construction and material reuse.
• Merkx’s research examines VAT challenges in a digital and global world.
• Changes in VAT rules affect where taxes are levied, often now in the consumer’s country.
• Monitoring and enforcement of VAT compliance use technology and behavioural insights.
• The EU is considering proposals for e-invoicing and digital reporting to prevent fraud.
• VAT can support sustainability, such as promoting electric vehicles and fixing electronics.
• Merkx’s projects include studying VAT’s role in the circular economy and tackling fixophobia.

Source: eur.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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