EU: Member states agree on VAT in the digital age (ViDA) package

The text will need to be formally adopted before being published in the EU’s Official Journal and entering into effect.

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 , the agreement covers three acts: a directive, a regulation, and an implementing regulation. The new rules will:

Make VAT reporting obligations for cross-border transactions fully digital by 2030
Require online platforms to pay VAT on short-term accommodation and passenger transport services in most cases where individual service providers do not charge VAT
Improve and expand online VAT one-stop-shops so that businesses do not have to go through registrations for VAT in every member state in which they do business

The directive and the regulation are subject to a special legislative procedure. The text will need to be formally adopted by the Council before being published in the EU’s Official Journal and entering into effect.

Read a prepared by the ��㣨Leyu�� member firm in the Netherlands that summarizes the key elements of the proposal, when they are due to take effect, and what the impact will be for businesses.

The ��㣨Leyu�� name and logo are trademarks used under license by the independent member firms of the ��㣨Leyu�� global organization. ��㣨Leyu�� International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind ��㣨Leyu�� International or any other member firm vis-à-vis third parties, nor does ��㣨Leyu�� International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact ��㣨Leyu��'s Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.

��㣨Leyu��

Relevant Results

Sorry, there are no results matching your search.