The European Union has approved new rules requiring platforms like Uber and Airbnb to collect and remit VAT on services provided through their platforms, leveling the playing field with traditional businesses. The regulation, effective from 2030, aims to boost VAT revenues by €6.6 billion annually and reduce tax inequalities. Despite initial resistance and a five-year delay, the reforms promise fairer competition and streamlined compliance through a new “one-stop shop” system for businesses across the EU.
Tag: Short Term Accommodation
The Short-Term Accommodation Managers Association (STAMA) of Greece has announced its decision to legally challenge a government initiative imposing taxes on legal entities engaged in Airbnb-style activities. STAMA stated its intent to bring the issue before Greece’s highest administrative court, emphasizing its duty to protect the interests of its members and the broader market.