SINGLE VAT AREA

Today, the European Commission [1] has proposed a series of fundamental
principles and key reforms for the EU’s VAT area.

This proposal aims at improving and modernizing the current VAT system
to:

· Avoid VAT fraud and the huge losses in government revenue due
to it;

· make life simpler for companies wanting to do business in the
EU Single Market.

 

More: https://ec.europa.eu/taxation_customs/business/vat/action-plan-vat/single-vat-area_en

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