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By Olivier LAMBERT, Partner, Indirect Tax Leader Nicolas BUFFIN, Senior Manager, Indirect Tax, EY Luxembourg
The ViDA Directive represents a major transformation in the EU’s VAT system, introducing real-time reporting and mandatory e-invoicing to enhance transparency and reduce fraud. By modernizing tax compliance and expanding the One-Stop Shop (OSS) regime, ViDA aims to streamline VAT obligations across Member States while minimizing administrative burdens for businesses. Though the transition poses challenges, early adoption of digital tools will offer companies strategic advantages, fostering a more efficient and harmonized tax environment.
The European Union is undergoing a major transformation in its VAT system with the...
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