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Changes in Online Trading – ViDA: New VAT Regulations in the Digital Age

  • EU introduces new regulations to tax transactions conducted through digital platforms
  • Initiative called “VAT in the Digital Age” (ViDA) aims to tax short-term rental services and transportation services through online platforms
  • ViDA expands the definition of a supplier to include digital platforms as intermediaries in transactions
  • ViDA is still in the process of being approved by the ECOFIN council
  • Owners of digital platforms should monitor the progress of ViDA and its potential adoption
  • DAC7 directive implemented in Poland from July 1, 2024, requires platform owners to collect and provide user data to tax authorities
  • DAC7 may be interpreted broadly, causing challenges for platform operators and entities involved in online transactions

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.

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