EU Adopts Directive DAC8 for Enhanced Tax Transparency on Crypto Assets
In a move to adapt to the evolving financial landscape, the European Union (EU) Member States have formally adopted Directive 2011/16/EU on administrative cooperation in the field of taxation, known […]
EU Parliament pushes for new taxes
Type: Legislation Proposal In order to fund the €800 million post-pandemic economic recovery and green and digital transformation plans for the EU, the European Parliament has supported a report calling […]
Impact of EU “VAT in the Digital Age” proposals on UK/non-EU organizations
Type: Legislation The European Commission’s “VAT in the Digital Age package” (ViDA), which was announced on December 8, 2022, aims to modernize EU VAT regulations further and change how firms […]
VAT Committee concludes NFTs should be treated as taxable electronic services
Type: Review The European Commission’s VAT Committee recently released a review discussing the VAT implications for NFTs within the EU. The report aims to provide clarification on the rapidly evolving […]
E-invoicing directive: key legislation and regulation changes
Type: Legislation and Regulation Mandatory e-invoicing will be required for all intra-community supplies, adhering to the European e-invoicing standard (EN 16931), utilizing structured formats like XML, UBL, and PDF/A3. Additional […]
Conclusions on the execution of the VAT e-commerce package were accepted by the Council
Type: Legislation On March 15, the European Union’s Council agreed to implement the VAT e-commerce package, which took effect on July 1, 2021. The package contains provisions that would: Establish […]
