Summary
- The Group on the Future of VAT (GFV) met on 25 June 2026 with a VAT-heavy agenda focused on the Commission’s financial-sector study and the ViDA follow-up.
- Confidential drafts discussed: VEG No 137 (2nd draft explanatory notes on the Platform Economy) and VEG No 138 (3rd draft on Digital Reporting Requirements – DRR).
- Final reports were presented on (i) the taxation of the financial sector and (ii) the challenges of VAT beyond the ViDA package; minutes are pending publication.
Agenda
- Welcome and introduction
- Study on the taxation of the financial sector – Presentation of the final report
- Study on the Challenges of VAT Beyond ViDA – Presentation of the final report
- ViDA (VAT in the Digital Age) package – Implementation
- GFV No 158: Second draft Explanatory Notes on Platform economy – CONFIDENTIAL
- GFV No 159: Third draft Explanatory Notes on DRR (Digital Reporting Requirements) – CONFIDENTIAL
- AOB
Sources
- Presentation – Taxation of the financial sector – Final report.pdf
- Agenda 52nd GFV meeting 25-06-2026.pdf
- DG TAXUD – Taxation portal
- EC.Europe
- ViDA package – overview
Latest Posts in "European Union"
- ECJ Upholds Lithuanian VAT Default Interest Rules
- VAT Bad Debt Relief Rules Across EU Jurisdictions
- EU VAT Revenue Losses Fall as Digital Compliance Tools Improve
- Virtual Employee: The invoice arrived compliant. It was still wrong.
- Comments on ECJ C-360/25: Austrian VAT exemption for banking services constitutes State aid
