- Accelerating digitalization and regulatory reforms like the EU’s ViDA will transform VAT processes by 2026, emphasizing e-invoicing, real-time reporting, and automation.
- Tax authorities are increasingly using advanced analytics and AI tools, leading to greater scrutiny and access to VAT-relevant data.
- Transfer pricing adjustments are drawing more VAT attention, especially after a key 2025 EU court ruling.
- VAT remains a crucial revenue source globally, with digitalization seen as a way to strengthen tax systems, especially in developing countries.
- Businesses must modernize and automate VAT processes to comply with new mandates, improve data quality, and integrate digital reporting across tax and finance functions.
Source: news.bloombergtax.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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