- Push for Single VAT Registration in the European Union
- Belgium advised to make strides with Pillar 1 of the ViDA proposal
- E-Commerce Europe and EuroCommerce support timely implementation of single VAT registration
- Single VAT registration aims to reduce compliance costs and administrative burdens for transactions taxed in multiple EU States
- Proposed mechanisms include IOSS/OSS expansion, mandatory reverse charge scope expansion, and deemed supplier rule for platform operators
- Expected to simplify the VAT registration process and reduce compliance burdens for customers
- Originally projected for January 2025, now pushed back to 2026 due to pressure from e-commerce bodies.
Source: tungstenautomation.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.
