- The European Commission has launched a public consultation on creating a European Business Wallet to simplify digital business compliance across the EU.
- The proposed system would allow businesses to securely identify themselves, share verified credentials, and receive official notifications through a single interoperable digital platform.
- The Business Wallet aims to streamline tax and compliance procedures, such as VAT registration and reporting, supporting broader digitalisation efforts like the VAT in the Digital Age (ViDA) package.
- The initiative seeks to reduce administrative burdens, improve compliance, and facilitate cross-border business, especially for SMEs.
- Stakeholders can submit feedback on the proposal until 6 May 2026.
Source: etaf.tax
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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