COUNCIL REGULATION (EU) 2025/517 of 11 March 2025 amending Regulation (EU) No 904/2010 as regards the VAT administrative cooperation arrangements needed for the digital age.
- The Council Regulation (EU) 2025/517 amends Regulation (EU) No 904/2010 to enhance VAT administrative cooperation and compliance in the digital age, introducing a central electronic VAT information exchange system (central VIES) for sharing data on intra-Community transactions to combat VAT fraud effectively.
- Member States are required to establish national systems to automatically transmit VAT information to the central VIES, ensuring timely updates and reliable data to facilitate monitoring and cross-checking of transactions, which will help maintain accurate VAT identification and improve fraud detection capabilities.
- The regulation emphasizes the importance of protecting personal data, outlines the framework for implementing the new digital reporting requirements, and acknowledges the need for technological development for the central VIES, while ensuring that existing VAT controls remain operational during the transition.
Source eur-lex.europa.eu
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "European Union"
- CEN Approves Revised EN 16931: A Milestone for ViDA Implementation
- Successful Implementation of VAT in the Digital Age (ViDA) Discussed with Commissioner Hoekstra
- General Court T-638/24 (D GmbH) – AG Opinion – VAT on Intra-Community Acquisitions Not Precluded by Errors
- Commission Backs Italy’s VAT Derogation on certain vehicles Through 2028
- Comments on GC T‑575/24 – AG – Contrary to EU law if services provided to members are regarded as internal acts
