VAT Fraud

Part 2: DAC7 & record-keeping obligations for digital platforms

Welcome to Part 2 where we take a closer look at DAC7 which introduces an automatic exchange of information between Member States’ tax administrations for income generated by sellers on digital platforms. In its political guidelines (“A Union that strives for more”) for the next European Commission 2019-2024, the EU Commission reiterated its willingness […]
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New VAT obligations for electronic marketplaces

“It was high time we updated our tax rules to reflect the growing importance of digital platforms for the European Economy. Once the new rules (…) are adopted and implemented, national authorities will automatically exchange information on the revenues generated by sellers on these platforms, and those sellers will benefit from simpler administrative procedu […]
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Solving VAT fraud, once and for all, with blockchain

1954 marked a milestone in the history when, in Edina, Minnesota, construction began on the first-ever modern-era shopping mall. The “Southdale Center”, which still exists, was the first fully enclosed, climate-controlled shopping centre in the world, boasting space for 70 shops. The same year, in France, tax authority director Maurice Lauré introduced a […]
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