VATupdate

Share this post on

European Commission – Two new VAT initiatives in the pipeline

Following EC’s VAT in the digital age proposal from the end of 2022, at least two additional VAT initiatives should be expected in 2023. 

EC is planning a public consultation on extending the Directive on administrative cooperation (DAC) for VAT in the first quarter of 2023. The plan is to enable tax administrations better fight against VAT fraud. A legislative proposal would follow in the fourth quarter of 2023. 

EC is also working on a VAT package for travel and tourism. A public consultation is expected imminently, and a legislative proposal for the fourth quarter of 2023. 

Source Accountancy Europe

Sponsors:

VAT news

Advertisements:

  • vatcomsult