Understanding ViDA
ViDA is a set of EU-wide reforms designed to digitalise tax compliance. The initiative was recently approved by the European Parliament and was fully ratified in March 2025. While its main goal is to reduce VAT fraud, it also seeks to simplify tax reporting for businesses operating across multiple EU countries.
- Pillar 1: Digital Reporting & eInvoicing
- Key Business Challenges
- Fraud Prevention and Data Concerns
- Pillar 2: VAT Treatment of the Platform Economy
- Key Business Concerns:
- Pillar 3: Single VAT Registration – A Step Toward Simplification
- ViDA: An Evolution or a Revolution?
- How should businesses prepare for ViDA?
- Final Thoughts
Source: taxbackinternational.com
