- European Parliament passed resolutions on VAT rules
- Resolutions include measures to combat EU intra-community fraud
- Measures include introducing digital reporting requirements and establishing a central electronic VAT information exchange system
- Resolutions aim to protect citizens’ fundamental rights as taxpayers
- Business data collected through e-invoicing and e-reporting to be stored physically within the Union
- VAT returns to be accepted in euros
Source: news.bloombergtax.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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