As you may have heard, the EU Commission has been looking at plans to upgrade and update the current EU VAT rules as a result of the ongoing digitization of the economy as well as the interaction with the tax authorities. For this purpose, the EU Commission is focusing on three areas where they feel new rules are needed most. These areas cover digital reporting requirements, the VAT treatment of the platform economy and the aim to decrease the need to have multiple VAT registrations throughout the EU using a single VAT registration and the OSS / IOSS system.
Source Jeroen Bijl
Latest Posts in "European Union"
- Comments on ECJ C-121/24: Non-payment of declared VAT does not constitute VAT fraud
- European Parliament Approves Simplifications to Carbon Border Adjustment Mechanism (CBAM)
- Comments on ECJ C-472/24: In-game gold: AG Kokott’s advice on VAT exemption, vouchers & margin scheme
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform