EU VAT Expert Group: broader tax base; single standard rate; limit distortive greening incentives; single VAT authority An informal working group of the EU VAT Expert Group (VEG) has presented on 13th December 2024 initial views of the modernisation of VAT, and reforms to develop
Early 2025 agreement on proposed March 2028 digitalisation of EU customs union; withdrawing VAT and customs import threshold EU closes on agreement on 3 strands of reforms to Customs Union and IOSS VAT The early 2025 Polish presidency of the Council of the EU is
ECOFIN summary to European Council on tax developments On 10 December 2024, the six-monthly report on EU tax reform projects was approved at the monthly meeting of finance minister, ECOFIN. This covers the term of the Hungarian presidency of the Council. Major VAT on other
Digital Certificate to replace paper version by 1 July 2032 The EU’s regular meeting of Finance Ministers, ECOFIN, has approved on 10th December 2024 the proposed Electronic VAT Exemption Certificate. This follows a positive 6 November European Commission’s Working Party on Tax Questions progress review
Request for harmonised framework to determine digital interfaces’ liabilities on non-EU sellers establishment France has called for harmonisation of rules on marketplace VAT obligations where non-EU goods sellers circumvent the Fixed Establishment requirements. It has raised the issue in the VAT Committee, which reviews technical
2030 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 July 2030, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
No compromise on Energy Taxation Directive before year end The Hungarian presidency of the Council of the EU believes it will no longer be able to find significant compromises this year on for the reforms of the Energy Taxation Directive (ETD). EU Finance Ministers are
Overview of the EU-backed standard for structure electronic invoices Standard EN6931 is the standardised framework for structured e-invoicing adopted by CEN (European Committee for Standardisation) on April 17, 2017. It is already adopted for B2G e-invoicing in the EU (Directive 2014/55/EU), and is the basis
Extension of Single VAT Registration OSS enables withdrawal from July 2028 of special VAT scheme for stocks held in other EU member state with customers The VAT in the Digital Age (approved 5th Dec 2024) reforms package’s Single VAT Registration pillar includes extending the use
Early 2025 member states freed to mandate e-invoicing without Commission approval; obligation for customer to agree to e-invoicing upon ViDA approval In order to facilitate the rapid adoption of e-invoicing, the European Commission has proposed to reform the legal hurdles (Articles 218 and 232, EU
