The European Commission presented, on Thursday 8 December, two initiatives: a set of measures to modernise the EU’s value added tax (VAT) system and a revision of the ‘DAC 8’ Directive on Administrative Cooperation in the field of taxation to include crypto-assets (see EUROPE B13078A5).
“We are launching two major new initiatives to help to align our tax system with the digital world, to support the fight against tax fraud and evasion and to increase fairness in certain...