25 reforms – improve VAT and other taxes’ fairness and simplicity
The European Commission (EU) unveiled its Tax Action Plan in July 2020, a range of 25 Value Added Tax and other tax reforms to improve the efficiency and fairness of tax collections across the twenty seven member states. It adds to the 1 July 2022 EU e-commerce VAT package, and other EU VAT reforms in progress. It includes three major sections:
- 25 tax proposals, including: extension of the OSS return, gig and sharing economy reforms; review of financial services exemption;
- Directive on Administrative Cooperation DAC 7, which will harmonise the process for EU tax authorities to request and share tax data from digital platforms.
- A reform of the tax Code of Conduct, which address country tax competition and the list of uncooperative tax jurisdictions.
A number of these reforms will go forward under the EU VAT in the Digital Age program. At VAT Calc, we’re keeping ahead of all these reforms by our single platform tax engine and returns filing application. This is the only VAT technology built on national and EU legislation so you don’t have to rebuild manual use cases to keep track. Whatever direction the EU and member states go, we’ll have automated it for you.