VAT in the Digital Age: Challenges and Opportunities for Taxation in the Digital Era

• ViDA package aims to modernize VAT regulations to combat fraud, support businesses, and promote digitalization
• Includes digital reporting requirements, involvement of platforms in tax collection, and expansion of OSS and Reverse Charge
• Estonia’s concerns about “deemed supplier” rules for platforms led to lack of agreement in ECOFIN Council
• Belgian Presidency aims to finalize ViDA package before handing over to Hungary on 1.7.2024
• Uncertainty remains about the future of VAT regulations until the next ECOFIN Council meeting on 21.6.2024

Source: awb-international.de

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.