Estonian Ministry of Finance Blocks EU ViDA Reform Agreement, Impact on Digital Economy

• Last week, the EU Economic and Financial Affairs Council discussed the VAT in the Digital Age reform
• The latest draft of the ViDA proposal was presented for review
• The draft version of the ViDA regulatory framework was adopted on May 8, 2024
• The Estonian Minister of Finance vetoed the adoption of the ViDA package due to concerns about tax liabilities for digital platform operators
• The ECOFIN voting showed alignment on Single VAT Registration and Digital Reporting Requirements, but disagreement on the Platform Economy
• Belgium, holding the EU Council presidency, looks forward to new discussions on the ViDA reform during its tenure
• The hope is to find consensus on the Platform Economy pillar during Belgium’s presidency.

Source: 1stopvat.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.