The European Commission recently launched the ‘VAT in the Digital Age’ action plan. The plan includes an intention to introduce new regulations that will be able to substantially change the current VAT system in various ways. Although these are currently still proposals, the European Commission’s plans can have major consequences for businesses and governments. In this article, we will address the background of the action plan in more detail. We will also discuss the proposed changes based on the three main themes of the action plan.
Source: bakertilly.nl
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