EU Proposes Real-Time Digital Reporting to Combat Cross-Border VAT Fraud and Strengthen Cooperation

• The European Commission has proposed real-time digital reporting for cross-border trade to combat VAT fraud.
• The proposal aims to create an intra-European tax database and strengthen cooperation between the European Public Prosecutor’s Office (EPPO), the European Anti-Fraud Office (OLAF), and EU member states.
• Immediate access to VAT data will allow for faster identification and investigation of fraud, especially “carousel” fraud.
• Direct communication channels between EPPO, OLAF, and Eurofisc will improve coordination and information sharing among EU tax authorities.
• The proposal will be reviewed by the EU Council, Parliament, and Economic and Social Committee before becoming law.

Source: fiscooggi.it

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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