Money and the EU flag with the text “VAT”
The European Commission has recently released the revised proposals for the ‘VAT in the Digital Age’ (ViDA) reform, which are slated to be discussed by the Economic and Financial Affairs Council (ECOFIN) on May 14, 2024. Should there be a consensus among member states, these reforms will be formally endorsed and implemented between 2024 and 2030.
The ViDA package was initially proposed on December 8, 2022, and has since undergone discussions among member states to address various concerns. The updated draft reflects a compromise of…