- The EU Commission proposed enhanced VAT data sharing and cooperation among EU institutions and Member States to combat cross-border tax fraud.
- The proposal would allow real-time access to VAT data for the European Public Prosecutor’s Office (EPPO) and the European Anti-Fraud Office (OLAF), enabling more effective tax audits and investigations.
- This initiative is part of the broader VAT in the Digital Age (ViDA) reform and aims to reduce the VAT gap and multi-million euro carousel fraud cases.
- Improved data sharing and cooperation will help identify fraudulent businesses and stakeholders, increasing compliance and protection for honest taxpayers.
- The adoption of new tax technology tools and regulatory updates will lead to more audits and fewer opportunities for tax evasion.
Source: 1stopvat.com
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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