- EU collected €6.3 billion from import VAT via its platform last year
- Revenue increased by over 62% compared to the previous year
- User base grew by 6% to 12,799
- Platform allows companies to register in one EU country for VAT declaration and payment
- Increasing number of businesses are using the platform for VAT compliance
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.
