What’s Happening Next with VAT in the Digital Age (ViDA)

• The EU finance ministers did not reach a political agreement on the VAT in the Digital Age (ViDA) proposal due to objections from one member state about the platform rules.
• The official move forward date for ViDA has been put on hold, but the Belgian presidency aims to secure an agreement before June 2024.
• Despite some objections, ViDA is seen as beneficial for creating efficiencies in the EU’s VAT system and fostering cross-border commerce.
• The proposal consists of three parts to tackle VAT fraud, support businesses, and promote digitalization, and it is expected that a workable solution will be agreed upon soon.

Source Sovos

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• See also
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

• Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE

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