- EU VAT fraud is much worse than previously estimated, with member states losing tens of billions of euros each year, including about €61 billion in 2021.
- The European Commission introduced the VAT in the Digital Age (ViDA) proposal to reduce these losses and close the VAT gap.
- ViDA includes standardized e-invoicing, digital reporting, a single EU VAT registration system, and updated VAT rules for the platform economy.
Source: vatcalc.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.
Latest Posts in "European Union"
- General Court T‑366/25 (Szytelbiecka) – Judgment – Donation of an undertaking in two equal half‑shares is not a transfer of a totality of assets under Article 19 of the VAT Directive
- European Court T-614/25 (Trading 4 v Valsts ieņēmumu dienests) – Judgment – Attribution of a Single Intra-Community Transport in a Triangular Chain Involving Excise Goods
- EU Import VAT Relief for Repaired or Processed Goods
- EU Court: VAT Clawback on Premises Retained in Going-Concern Transfer
- EU Hearing on Combating VAT and Customs Fraud Across the Single Market
