As we mentioned, this reform package has been in the air for some time, due to the need to update the European VAT Directive (Directive 2006/112/EC) in order to keep up with the important changes that have occurred since its first enactment in 2006. Just think of the spread of e-commerce platforms and the impact they have had on trade, transactions and tax compliance management.
One of the first objectives that the European Commission aims to belarus whatsapp resource achieve with the reforms, however, is to combat phenomena related to fraud, tax evasion and avoidance. According to some estimates, in 2020 alone the European Union lost as much as 93 billion euros in terms of uncollected VAT . Furthermore, a considerable part of tax fraud is attributable to intra-EU transactions, the so-called carousel frauds.
This is why one of the key points of the proposal concerns the introduction of the obligation to transmit data on intra-Community transactions to a centralized system at Union level, a real e -reporting obligation . In fact, the basis of the proposal is the belief - or, better said, the awareness, that the digitalization of processes and transactions is now an indispensable tool to facilitate both monitoring activities by the competent authorities and to facilitate businesses of all types in compliance with the requirements.
To achieve its objectives, the EU Commission has planned a package of reforms that includes interventions on three different legislative texts, in addition to the production of the necessary implementing acts. Proposals are therefore put forward to modify:
Directive 2006/112/EC (the so-called VAT Directive);
Regulation 282/2011;
Regulation 904/2010.