- ViDA aims to reduce the need for multiple VAT registrations across EU Member States by implementing measures like a special scheme for transferring own goods, extending the reverse charge mechanism, and allowing the One-Stop Shop (OSS) for domestic transactions.
- The special scheme for transferring own goods allows businesses to report transfers under the OSS return in their home country, eliminating the need for VAT registration in the destination country.
- The reverse charge mechanism applies to transactions by non-established taxable persons, shifting VAT payment responsibility to the recipient if they are VAT-registered in the Member State where VAT is due.
Source Fernando Matesanz
