- The European Commission has published an implementation strategy for the VAT in the Digital Age (ViDA) package to help businesses and Member States apply the new EU VAT framework.
- The ViDA package aims to modernize VAT by introducing digital reporting requirements, adapting VAT rules for the platform economy, and simplifying VAT registration.
- The package is expected to generate significant economic benefits, including €51 billion in business savings and a total economic impact of up to €214 billion over ten years.
Source: taxation-customs.ec.europa.eu
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.
Latest Posts in "European Union"
- Luxembourg VAT on Directors’ Fees: Impact of CJEU C-288/22 Ruling and District Court Decision
- Arcomet Case: CJEU Rules Transfer Pricing Adjustments Can Trigger VAT Obligations
- VAT Treatment of Transfer Pricing Adjustments: ECJ Ruling on Arcomet Towercranes
- VAT Treatment of Loyalty Points: Discounts vs Vouchers After ECJ Case
- EU Commission Publishes ViDA Implementation Strategy for Digital VAT System Modernization
