On 12 February 2025, the European Parliament announced its approval of the VAT in the Digital Age (ViDA) Package. The package is meant to update the EU's VAT systems to reflect the digitalization of its economies, help combat VAT fraud, and ease administrative obligations for small companies and individual service providers. This includes new rules that:
- Make VAT reporting obligations for cross-border transactions fully digital by 2030, including e-invoicing and real-time reporting requirem…