- The EESC approved the Commission’s proposal to amend Regulation No 904/2010, allowing EPPO and OLAF access to VAT data at the Member State level.
- The proposal aims to reduce the VAT gap, combat VAT fraud, and strengthen tax monitoring and compliance across the EU.
- If adopted, EU institutions will have direct access to transactional VAT data, improving early detection of fraud.
- Tax compliance is becoming more demanding for businesses, and non-compliance will be easier to detect and penalize under the new framework.
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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