- EU member states agree on the need for more VAT data sharing to combat fraud but disagree on how much data should be exchanged and how to protect confidentiality.
- Hungary prefers limited, anonymized, or aggregated data sharing to protect business privacy.
- The Netherlands supports broader data sharing but insists on strong safeguards and transparency for businesses.
- Some policymakers, including in Ireland, advocate for a centralized EU data hub to streamline reporting and analysis.
- Businesses should expect increased digital reporting and data sharing, with ongoing debates about the system’s structure and governance.
Source: innovatetax.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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