- The EU member states did not reach an agreement on the VAT in the Digital Age (ViDA) proposal during the ECOFIN meeting on 14 May 2024.
- The ViDA proposal encompasses changes to VAT reporting, rules for the platform economy and e-commerce, and the extension of existing schemes for reducing the VAT compliance burden.
- Estonia expressed concerns about the new deemed supplier regime for platforms, which assigns VAT liability to platforms for certain supplies of short-term accommodation rentals and passenger transport. The Estonian minister of finance raised three primary concerns regarding this regime.
Source Deloitte
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "European Union"
- Pierrakakis at ECOFIN: Innovation and Digitalization as Europe’s Competitiveness Drivers
- Three Plead Guilty in €6.5 Million Tax Evasion and Money Laundering Case
- Transfer Pricing Adjustments and VAT Implications: Impact of Recent CJEU Decisions
- VAT Treatment of Loyalty Points in Lyko’s Scheme: Not Classified as Vouchers, Says AG Kokott
- Impact of New EU VAT Framework on Italian Distance Sales and Imported Goods
