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European Commission Report ”VAT AFTER VIDA” REFLECTIONS ON THE FUTURE OF VAT
17/12/2024What changes in the VAT Directive should be taken into consideration by the new European Commission? What is the vision of “VAT of the Future” as seen by the most prominent European business associations and tax experts?
As a member of the EU VAT Expert Group (VEG), B2RLaw together with Jan Sarnowski (Head of the Tax) are proud to contribute to shaping the future of VAT.
Yesterday the report prepared by VEG on request of the EU Commission on the “VAT after ViDA” initiative, addressing the future of VAT was officially published.
The report explores the long-term vision for a potential EU VAT system, approaching the topic with an open and forward-thinking perspective. It builds on the core principles and structure of VAT while incorporating global experiences. The analysis also takes into account the EU’s current political and practical landscape, as well as emerging technologies that could influence the future VAT system. At the same time, it acknowledges the importance of starting with today’s realities—reviewing the current VAT system, addressing its shortcomings, and examining the impact of implementing ViDA.
This is a strategic starting point for further exploration and research.
Download the full report here: VAT Expert Group (VEG) Report dated December 2nd, 2024