Link: VEG 124 – Minutes 38th VEG meeting
Documents shared
Summary of the meeting
- Approval of Agenda and Meeting Nature: The agenda for the 38th VAT Expert Group meeting held on December 13, 2024, was approved without contest, and the meeting was not open to the public.
- VEG Report on VAT after ViDA: The informal working group presented a report on modernizing and simplifying the VAT system post-ViDA, proposing key deliverables to enhance the framework, align with technology-driven business models, and integrate sustainability goals. The Commission appreciated the report and plans to present it at a future Group on the Future of VAT (GFV) meeting.
- ViDA Package and DRR Implementation: The Commission discussed preliminary views on electronic invoicing and Digital Reporting Requirements (DRR), with a Fiscalis workshop planned for April 2025 in Vienna. Members were invited to provide feedback by January 2025, and the Commission highlighted the need for cooperation between IT and tax specialists.
- Updates on Other Files: The Commission provided updates on various initiatives, including the unanimous agreement on the ViDA package at the November 2024 ECOFIN, the establishment of a Fiscalis Project Group to secure the IOSS system, and the launch of the SME Web Portal. Work on travel and tourism competitiveness and the taxation of the financial sector was also noted.
- Future Steps and Next Meeting: Members were invited to submit comments on DRR and Platform Economy elements of ViDA by January 2025. The next meeting is tentatively scheduled for March 26, 2025, with a physical format anticipated.
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