EU: New draft of EU VAT reform (VAT in the Digital Age (ViDA))
May 9, 2024 · The European Commission (EC) on 8 May 2024 published an updated draft of the “Value Added Tax (VAT) in the Digital Age (ViDA)” package, which, if adopted, would amend the EU VAT rules in the following three areas: The EC initially proposed the VIDA package on 8 December 2022.
EU details on VAT in the Digital Age (ViDA) package
This Tax Alert provides details on the European Union (EU) Member States' agreement on the "VAT in the Digital Age" (ViDA) package, aimed at modernizing the value-added tax (VAT) system in the European Union (EU).
Taxation: Council agrees on VAT in the digital age package
Nov 5, 2024 · The Council today reached an agreement on new measures that will bring the EU’s value added tax (VAT) rules into the digital age. With new rules on electronic invoices and real-time data reporting, as well as business carried out through digital platforms, this package of legislation will fight tax fraud, support businesses and promote ...
EU has finally reached agreement on VAT in the digital age (ViDA) …
The ViDA initiative is a package of fundamental changes to the common VAT rules across the EU with three pillars and gradual implementation dates. It aims to ensure VAT compliance, prevent tax fraud and elevate the VAT regulations to the next level, fitting the needs of the digital age.
EU has finally reached agreement on VAT in the digital age (ViDA …
On 5 November 2024, the Economic and Financial Affairs Council (ECOFIN) of the European Union (EU) met to discuss changes to the EU Value Added Tax (VAT) rules as part of the VAT in the digital age (ViDA) initiative.
EU: Member states agree on VAT in the digital age (ViDA) package
Nov 5, 2024 · The Council of the European Union (i.e., the 27 EU member states) today agreed on new measures that will bring the EU’s value added tax (VAT) rules into the digital age. According to today’s EU release , the agreement covers three acts: a directive, a regulation, and an implementing regulation.
VAT in the Digital Age (ViDA) - European Commission
On 8 December 2022, the European Commission proposed measures to modernise the EU’s Value-Added Tax (VAT) system, make it work better for businesses and more resilient to fraud, and address challenges in VAT raised by the development of the platform economy.
EU: EU has finally reached agreement on VAT in the d...
On 5 November 2024, the Economic and Financial Affairs Council (ECOFIN) of the European Union (EU) met to discuss changes to the EU Value Added Tax (VAT) rules as part of the VAT in the digital age (ViDA) initiative.
Phased EU VAT Reform Implementation Plan Unlocks Agreement - Bloomberg Tax
Oct 31, 2024 · Hungary has brokered an agreement between European Union countries on a value-added tax update for the bloc, clearing the way for its formal approval by finance ministers at a Nov. 5 meeting. “After long discussions, a new compromise has been found with staged deadlines,” for implementing the new rules, an EU official told reporters ...
EU Ministers Hail VAT Reform as Major Step in Digital Adaptation
Nov 5, 2024 · European Union finance ministers Tuesday hailed an agreement on a value-added tax reform as a significant step in adapting tax systems to digital technologies.
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