- The European Commission released a strategy for implementing digital VAT reforms.
- Key dates include mandatory e-invoicing by 2030 and new platform VAT rules by 2028.
- Member states must align systems with EU standards by 2035.
- The strategy includes risk management, communication plans, and guidance for consistent application.
- Emphasis is on harmonization and early business involvement.
Source: globalvatcompliance.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.
Latest Posts in "European Union"
- VAT Committee Clarifies Single-Purpose Vouchers and ECJ Judgment on Supply and Taxation Rules
- CJEU Ruling: Transfer Price Adjustments May Be Subject to VAT Across EU
- EU Import VAT Deferment: A Strategic Tool Amid Reciprocal Tariff Challenges
- EU Commission Reveals Plan to Implement VAT in the Digital Age (ViDA) Reform
- EU ViDA Implementation: Potential Risks and Pitfalls