- EU member states reached a political consensus on the ViDA package on 5 November 2024
- The package aims to modernize VAT systems across the EU
- The proposal includes changes to VAT rules for the platform economy and e-commerce
- The agreed proposal contains measures with different application dates between 2025 and 2035
- More flexibility has been granted to member states within pillar 2, focusing on the platform economy
- Member states can define criteria for taxable supplies of short-term accommodation and are allowed not to apply the deemed supplier regime for certain providers
- The implementation of these changes will follow a phased timeline starting on 1 July 2028
- Other changes within the platform economy pillar are expected to enter into force on 1 July 2028
Source: taxathand.com
See also
- ECOFIN approved the VAT in the Digital Age (ViDA) Act – Compromise has been reached
- ViDA – Consolidated version of the EU VAT Directive 2006/112/EC once ViDA Act will be enacted
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.
