Understanding EU’s Single VAT Registration: Key Changes and Benefits Under ViDA Initiative

• The EU VAT in the Digital Age initiative starts on 1 July 2028
• It aims to reduce VAT registrations for businesses in the EU
• Businesses can register for VAT in a single EU member state
• The initiative includes three components
• Extension of the One Stop Shop regime allows a single VAT return and payment
• The OSS will cover more types of supplies from 1 January 2027
• Extension of the mandatory reverse charge rule for B2B supplies
• Introduction of a special scheme for the transfer of own goods
• Monthly VAT returns required for transfers under the new scheme
• Intra-Community acquisition in the member state of arrival is VAT exempt

Source: bdo.global

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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