What is the Platform Economy?

The Platform Economy is a pillar of ViDA. It encapsulates the ecosystem of digital platforms that facilitate transactions between buyers and sellers. For example, the deemed supplier is the platform that offers short-term accommodation. They will account for the VAT rather than the underlying supplier. By collaborating with platform operators, ViDA ensures that VAT obligations are effectively fulfilled, transactions are accurately recorded, and tax revenues are properly collected.

 

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