- Digital platforms and marketplaces face a new era of real-time VAT compliance, where the shift to continuous transaction controls (CTCs) demands that compliance is embedded into business operations and data is audit-ready at all times, fostering increased collaboration across internal teams.
- The expansion of platform liability rules, exemplified by ViDA, is transforming marketplaces into real-time tax engines, requiring them to determine correct VAT treatment, assess seller status, and collect/remit VAT directly, thereby shifting the compliance burden and increasing visibility for tax authorities.
- Navigating global tax complexity involves reconciling diverse VAT treatments and eInvoicing models across jurisdictions, with frameworks like DAC7 and ViDA combining to create a near-complete picture of marketplace activity, making non-compliance increasingly difficult and turning compliance into a strategic opportunity for process standardization and operational efficiencies.
Source Fintua
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