What Is VAT in the Digital Age (ViDA) and How Does it Impact My Business? 

From the moment the European Commission announced its proposal for legislative changes related to the ‘VAT in the Digital Age’ (ViDA) initiative, many companies have wanted to know more about the proposal and its consequences for their business activities in the short and long term.  

‘VAT in the Digital Age’ (ViDA) refers to a number of initiatives and changes related to VAT in the digital age. This initiative aims to modernise VAT legislation.  

There is a lot of fraud in connection with VAT recovery and taxation.  

The ViDA initiatives may vary from country to country and from territory to territory, but the desire to update VAT rules, increase the transparency and efficiency of VAT collection, and ensure that digital services and transactions are taxed correctly is universal to all of them.  

It is important to note that the details and scope of the ViDA initiatives may change over time as they depend on policy decisions and developments in the digital economy and technology.  

In this whitepaper, we will review the reasons behind ViDA and the potential impact on your business based on observations from several industry insiders and sources.