See also: Briefing document & Podcast :EU Publishes VAT Digital Age Implementation Strategy for Businesses and Member States – VATupdate
- The European Commission released an implementation strategy for the VAT in the Digital Age (VIDA) package.
- VIDA aims to modernize VAT administration in the EU with e-invoicing, new VAT rules for the platform economy, and simpler registration.
- Key measures include real-time digital reporting, new VAT responsibilities for platform operators, and an expanded VAT One Stop Shop model.
- The strategy outlines a timeline for implementation from 2025 to 2035, with various milestones for member states.
- The package is expected to significantly reduce VAT revenue losses and generate substantial economic benefits.
Source: answerconnect.cch.com
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "European Union"
- Blog Luc Dhont: How Can Multinationals Comply with VAT on Transfer Pricing Adjustments Post-ECJ Arcomet?
- ECJ Opinion Sheds Light on VAT for Ancillary Services in German Accommodation Sector
- Briefing document & Podcast – C-409/04 (Teleos): Physical Movement & Supplier Due Diligence Key for Intra-EU VAT Exemption
- EU boosts tax cooperation with Andorra, Liechtenstein, Monaco, and San Marino
- Briefing document & Podcast: ECJ C-271/06 (Netto Supermarkt) – VAT exemption granted if fraud undetectable with due commercial care
