- The European Commission has proposed the use of e-invoicing and digital reporting requirements for intra-EU transactions to tackle VAT fraud and prevent market fragmentation.
- However, this proposal fails to address the root cause of missing trader fraud and may compromise the confidentiality of business data.
- It also opens the door to new forms of fraud and imposes additional costs on businesses.
- The proposal should consider fundamental concepts and alternative solutions. If adopted, citizens can challenge any legal deficiencies through the procedure outlined in article 263 of the TFEU.
Source Christian Amand
See also IBFD International VAT Monitor – Recent articles
Latest Posts in "European Union"
- EU Parliament Approves CBAM Reforms: New 50-Ton Threshold, Delayed Certificate Purchases to 2027
- ViDA: Transforming EU VAT with Harmonized e-Invoicing and Real-Time Reporting
- EU Court Ruling on Arcomet: Transfer Pricing Adjustments Pose VAT Risks for Companies
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
- Comments on ECJ C-121/24: Non-payment of declared VAT does not constitute VAT fraud
