- The government supports the modernization of the VAT system to align with the digital economy, aiming to reduce the VAT gap and administrative burdens for businesses and tax authorities.
- Data security is a priority, and platforms in short-term accommodation rental and passenger transport services should play a major role in VAT collection.
- The one-stop shop and reverse charge mechanism should be improved to prevent multiple VAT registrations in other Member States.
- The proposal is expected to be agreed upon by the end of 2023.
Source
Latest Posts in "European Union"
- Impact of New EU VAT Framework on Italian Distance Sales and Imported Goods
- CJEU to Rule on Danish VAT Group Ownership Law Compatibility with EU Directive
- EU Mandates Textile EPR: Brands Must Adapt to New Waste Framework Directive
- AG’s Opinion in Lyko Case: New Perspectives on VAT Treatment of Loyalty Programs
- VAT Compliance for Online Sellers: Essential Tips for Digital Goods
