On 8 December 2022 the EU Commission published its proposals on VAT in the Digital Age (ViDA). This proposal also includes additions which aim to reduce foreign VAT compliance burden for internationally active companies. The respective changes are discussed in this article.
Following our previous blogs on the sections of the VAT in the Digital Age (ViDA) proposals covering the Digital Reporting Requirements (‘DRRs’) and the Platform Economy, in this blog we are focusing on the last pillar of the proposals, i.e. the “Single VAT registration”.
Source KPMG
