The draft VAT in the Digital Age” (ViDA) Directive should have been adopted on November 16, 2022, but unfortunately the adoption was rescheduled for December 7, 2022. More details on what it brings are as follows.
While for more specific information we would need the adoption of the text of ViDA, there are some insights it could bring:
- Digital Reporting Requirements (DRR)—Introduction of an EU digital reporting.
- SVR (single VAT registration) eliminates the need for VAT registration in another MS.After the VAT e-commerce package, transactions remain where a business must register in multiple states, which is costly.
Source Fiscal Solutions
