- EU finance ministers approved the VAT in the Digital Age (ViDA) package at the ECOFIN meeting
- Agreement was reached on the pillars of ‘Single VAT registration’ and ‘Digital reporting and E-Invoicing’
- The Estonian administration objected to the pillar concerning the ‘Platform Economy’ but withdrew its veto after concessions were made
- Member states can opt out of the ‘deemed supplier’ rule for SME businesses
- Substantial amendments were made to the original text to reach agreement
- Re-consultations will be conducted with the European parliament before officially adopting ViDA.
Source: meridianglobalservices.com
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.
