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EU Finance Ministers to Decide Fate of ViDA Package in Meeting on 5 November

  • EU Finance Ministers will meet on 5 November to discuss economic and financial matters
  • They will focus on sealing the fate of the VAT in the digital age (ViDA) package
  • The deemed supplier rule has been a point of contention, with Estonia expressing concerns about its impact on small traders
  • Hungary has proposed a compromise that includes a refined SME opt-out and a transitional period for implementation
  • The package also includes provisions on e-invoicing and single VAT registration, previously agreed upon in May

Source: etaf.tax

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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