- ViDA is a set of tax reforms that will change how VAT works in the EU
- It is the biggest change to the EU VAT rules since 1993, aiming to combat revenue loss and modernize the system
- Businesses in the EU will need to change how they charge, invoice, report, and manage VAT
- ViDA will go live in stages from 2025 to 2035
- Key changes include e-invoicing and digital reporting, platform economy rules, and Single VAT Registration (SVR) measures.
Source: twobirds.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.
