- European Parliament approves VAT in the digital age
- Online platforms will have to pay VAT on services provided through them starting in 2030
- The proposal amends the VAT Directive 2006
- The update will fully digitize VAT reporting obligations for cross-border transactions by 2030
- Companies will issue e-invoices for cross-border transactions between businesses and automatically report the data to their tax authorities
- The rules strengthen the online single-window systems for VAT to simplify administrative burdens for businesses
- The Commission presented the “VAT in the digital age” (ViDA) package on December 8, 2022, which consists of three proposals, one of which was the updating of the 2006 VAT Directive.
Source: taxlive.nl
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.
