- On June 21, 2024, a meeting of the ECOFIN Council took place regarding changes in the VAT system proposed as part of the “VAT in the Digital Age” (ViDA) package.
- Member states did not reach a consensus on solutions for digital platforms, leading to no agreement on the ViDA package.
- Estonia maintained its opposition to the proposed changes, particularly regarding the “recognized supplier” concept for digital platforms.
- Estonia’s proposal for a voluntary settlement model based on a “recognized supplier” was not accepted.
- Estonia expressed concerns about the potential impact of the ViDA package on competition in the Estonian market and the administrative burden on SMEs.
- The ECOFIN Council discussed Estonia’s concerns but did not reach a final agreement on these issues.
- Other member states support efforts to reach a compromise and emphasize the importance of tools proposed in ViDA to combat tax fraud and increase budget revenues.
- Further actions are expected under the Hungarian presidency in the coming weeks.
- Updates on developments will be provided on the blog.
Source: crido.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.
