Definitive VAT system and fighting VAT fraud

This procedure focuses on reforming the European Union's Value Added Tax (VAT) system to make it more efficient and modern. The goal is to move toward a 'definitive' system that simplifies tax collection and reduces the administrative burden for businesses operating across borders.

The changes primarily affect businesses and tax authorities. By implementing better digital tools and stricter controls, the EU aims to significantly reduce VAT fraud and tax evasion, ensuring fairer competition and recovering lost public revenues.