- VAT EXPERT GROUP meeting in Brussels on March 18 discussed next steps regarding VAT in the digital age
- Summary of the discussion was published on April 11, covering updates for small and medium-sized enterprises (SMEs) and VAT reforms under VIDA
- Progress on negotiations for the VIDA package, aiming to adapt VAT to digital challenges and modernize invoicing processes, was a key focus
- Work on the VIDA package is ongoing, with a preliminary agreement on Single VAT Registration being welcomed
- Implementation of VIDA is likely to be delayed to 2030-2032 due to technical details and political considerations
- European Economic and Monetary Commission approved a preliminary annual delay for all three pillars of VIDA in October 2023
- Belgian presidency will aim to finalize the VIDA package in upcoming meetings, but full implementation will require further work and time.
Source: mddp.pl
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.
