- The European Commission has proposed new measures to combat cross-border VAT fraud ahead of ViDA’s 2030 requirements for e-invoicing and digital reporting.
- The proposal establishes a legal basis for enhanced collaboration and VAT data exchange among EU anti-fraud institutions.
- Cross-border VAT fraud is a major issue, with annual losses estimated between EUR 12.5 billion and EUR 32.8 billion.
- The measures aim to improve cooperation, real-time data sharing, and fraud detection among EU agencies and national authorities.
- The proposal will be submitted to the European Parliament and Council for adoption.
Source: p2pnetwork.org
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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