- No consensus reached in the EU on VAT digitalization package ViDA
- Economic and Financial Affairs Council discussed proposed solutions but did not reach agreement
- Estonia raised objections regarding proposed settlement model for digital platforms in short-term rental and passenger transport sectors
- Estonia proposed voluntary settlement model for digital platforms
- Belgium, current EU presidency, will prepare new compromise proposal for next ECOFIN meeting
- Implementation of ViDA includes changes in VAT reporting, obligations for digital platforms, and single VAT registration
- Changes related to digital platforms and single VAT registration expected to take effect on July 1, 2027
- E-invoicing and digital reporting rules to come into force on July 1, 2030
- Businesses in the EU need to adapt to new digital reporting requirements by January 1, 2035
Source: crido.pl
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.
