- ViDA (VAT in the Digital Age) aims to streamline EU VAT process, registration, and reporting
- ViDA promises growth and sustainability advantages for governments, businesses, and consumers
- Challenges for EU VAT reforms include delays in Pillar 1, 2, and 3 to 2026-2030
- Concerns over readiness of businesses and tax authorities for EU tax harmonization
- Poland’s National E-Invoicing System (KSeF) has critical errors, raising doubts about preparedness
- American Chamber of Commerce (AmCham) recommends avoiding trade tensions and maintaining stability in international tax system
- AmCham calls for finalization of Pillars 1 and 2, simplified compliance mechanism, and withdrawal of digital services taxes in countries
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
