On 14 May 2024, the 27 EU member states discussed the VAT in the Digital Age (ViDA) proposal during a meeting of the Economic and Financial Affairs Council (ECOFIN), but an agreement was not reached. The ViDA proposal, initially released by the European Commission on 8 December 2022, has been under discussion among member states. The revised text, revealed on 9 May 2024, is a compromise developed by the Belgian presidency, taking into account different viewpoints. The proposal aims to embrace digital opportunities for VAT reporting, recommend changes to VAT rules for the platform economy and e-commerce, and improve existing schemes to reduce VAT compliance burden for businesses through a single EU VAT registration. The implementation dates for the proposal’s pillars have been postponed by some EU Member States to allow sufficient time for taxpayers and tax authorities to implement the changes.
Source Deloitte
