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Single VAT Registration: Simplifying EU VAT Compliance and Reducing Administrative Burdens for Businesses

  • The Single VAT Registration (SVR) aims to reduce the need for businesses to register for VAT in multiple EU member states, starting July 1, 2028.
  • The One Stop Shop (OSS) system will be expanded to cover more B2C transactions and domestic B2C supplies by non-established businesses, reducing local VAT registration requirements.
  • A new OSS scheme will simplify reporting for the transfer of own goods between member states, eliminating the need for local VAT registration for such movements.
  • A mandatory B2B reverse charge mechanism will be introduced for certain local transactions, standardizing VAT treatment and further reducing registration obligations for non-established suppliers.

Source: btwinstituut.nl

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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