Implementation Strategy of ViDA Package: Roadmap for Digital VAT Transformation in the EU

 

 

See also: Briefing document & Podcast :EU Publishes VAT Digital Age Implementation Strategy for Businesses and Member States – VATupdate

The European Commission released the implementation strategy for the VAT in the Digital Age package to support businesses and member states in applying updated EU VAT regulations.

• ViDA introduces digital reporting requirements, addresses platform economy challenges, and simplifies VAT registration.
• The strategy outlines steps for implementation to enhance transparency and compliance.
• ViDA is expected to yield significant economic benefits, including substantial savings for businesses.
• The package is structured around three pillars: Digital Reporting Requirements, platform economy responsibilities, and Single VAT Registration.

Source: taxheaven.gr

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Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE

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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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