What does the ViDA proposal entail?
The ViDA proposal focuses on three main points:
- Online platforms liable for VAT – Platforms such as Airbnb can in certain cases become responsible for the VAT that must be paid by their users (entrepreneurs).
- Digital invoicing mandatory – Paper and PDF invoices will disappear. Instead, e-invoices will be mandatory, which must be submitted digitally to the tax authorities, before the VAT return is submitted. This applies to transactions between entrepreneurs in different EU member states …
Source: www.flynth.nl
