- ViDA is enacted EU law, significantly overhauling VAT rules for the digital economy through three pillars: Digital Reporting Requirements (DRR) and e-Invoicing, the Platform Economy (“deemed supplier” model), and Single VAT Registration via an expanded One-Stop-Shop (OSS).
- Key deadlines are approaching: Mandatory intra-EU B2B e-invoicing and DRR begin on July 1, 2030, while the “deemed supplier” rule for platforms facilitating short-term accommodation and transport becomes mandatory on January 1, 2030 (with an optional start from July 1, 2028).
- Businesses should prepare now by assessing their e-invoicing systems for the 2030 deadline, determining if they fall under the “deemed supplier” rules, and identifying VAT registrations that can be consolidated under the expanded OSS from July 1, 2028.
Source VAT IT
Click on the logo to visit the website
Latest Posts in "European Union"
- Organised Crime Outpaces the EU’s Anti-Fraud Defences
- EU Introduces New Customs Charge on Low-Value Imports
- European Commission Launches Consultation on VAT and the Circular Economy
- CJEU Set to Decide VAT Deduction Timing Dispute
- No automatic VAT exemption for Latvian triangular transaction, EU court rules
