- The EU plans ambitious reforms to further harmonize the rules of VAT determination and compliance in the EU. Will it succeed to achieve consensus and support from EU member states for its proposals?
- French Presidency of the EU plans to push for harmonized B2B e-invoicing across the EU.
- German new government aims to implement an electronic reporting system.
- Various other member states (e.g. Ireland and Sweden) are discussing possibilities to harmonize digital reporting requirements (DRR) in the EU.
- On 16 February 2022, the European Parliament voted in favour of harmonising pan-EU e-invoicing and the adoption of the EU definitive VAT system.
Source Grant Thornton
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