- EU diplomats have agreed on VAT rule reforms that will increase taxes on sharing economy platforms like Airbnb and Uber
- Estonia initially blocked the proposed law but has now dropped its veto position
- The new rules aim to modernize tax processes for the digital economy and ensure platforms pay their fair share of taxes
- The redrafted text will make online platform rules voluntary in July 2028 and mandatory from January 2030
- Online sharing economy platforms will be directly responsible for registering for the tax
- The European Holiday Homes Association believes the law will disadvantage services sold through platforms and raise prices in the travel sector
- Brussels officials are concerned that online platform services are not paying enough taxes in member states
- The proposals also aim to modernize invoicing and strengthen reporting rules to fight fraud
- EU finance ministers are expected to formally endorse the new VAT measures on 5 November
Source: shorttermrentalz.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.
