- EU lawmakers seek a one-year delay to most elements of the VAT in the digital age (VIDA) package
- The VIDA package aims to improve tax authorities’ use of technology and modernize VAT rules
- MEPs want businesses to have enough time to prepare for the changes
- MEPs also recommend changes to obligations on platforms providing short-term accommodation
- MEPs endorse changes to VAT rules for taxable persons facilitating distance sales of imported goods
- Proposed changes include removing the EUR150 threshold for the Import One Stop Shop (IOSS) and extending the deemed supplier rule
- MEPs call for improved cooperation in fighting VAT fraud and improvements to the VAT Information Exchange System (VIES)
- MEPs suggest the Commission should support national tax authorities with resources and technical advice for electronic systems.
Source: answerconnect.cch.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.
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