Grèce
VAT in the Digital Age (ViDA) timetable
Despite 2023 not reaching consensus on the VAT in the Digital Age (ViDA) negotiations, the turn of the year has set out some very precise goalposts, with the associated objective of furthering the ViDA agenda, in line with the following:
- 18 January 2024: The VAT ECOFIN party reviewed the current ViDA position, with the aim of introducing a revised timetable.
- 14 May 2024: An agreement on ViDA is expected before the summer EU Parliamentary elections.
As a reminder, the ViDA package comprises of 3 main ‘pillars’:
- Pillar 1 – Reporting Requirements: More technical discussions and agreements are necessary to facilitate this. This is now expected to take effect from 2030.
- Pillar 2 – The Platform Economy: This is now likely delayed from 2025 to 2026, with a high-level agreement still pending.
- Pillar 3 - Single VAT Registration: This is now likely delayed from 2025 to 2026, with agreement nearing on the main points nearing completion.
Pillars 2 and 3 were initially scheduled for a launch date of 2025. Last year, legislative and policy makers acknowledged that this would not provide EU Member States with sufficient time to comply with the new requirements.
Tungsten Automation is acutely aware that a final agreement on ViDA is expected in the late spring, and that this will significantly impact the e-invoicing and e-reporting practices of Member States. We are closely following developments.