The European Commission published its final report on VAT in the Digital Age on 21 July 2022. The VAT reform is driven by the emerging digital economy and new technology solutions. The EU has set itself the goal of combating VAT fraud and making it easier for companies to report VAT. It is also an aim to improve the collection of VAT and at the same time reduce reporting costs. In this blog, you will find an overview of the possible directions the VAT reforms could take going forward.
Source PwC
