European Parliament Approves EU VAT Legislation Authored by Ľudovít Ódor
February 12, 2025
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Strasbourg – On Wednesday, the European Parliament (EP) in Strasbourg voted overwhelmingly in favor of new regulations aimed at modernizing VAT for the digital era (ViDA). This legislation is part of the EU’s broader legislative agenda, with Slovak Deputy Ľudovít Ódor (Renew Europe/PS) serving as the rapporteur, according to reports from TASR’s Brussels correspondent.
A total of 589 Members of the European Parliament (MEPs) supported the ViDA regulations, which represent a significant overhaul intended to streamline VAT processes across the EU in light of ongoing digitization efforts. Meanwhile, 42 MEPs opposed the initiative, and 10 chose to abstain.
Ódor highlighted that while MEPs from all parties backed the legislation, seven Slovak MEPs—members of the Republika party, the Europe of Sovereign Nations (ESN) faction, and all five deputies from Smer-SD (who are not affiliated with any party in the European Parliament)—voted against it.
“We will reduce bureaucracy for companies across the EU and make it more difficult for billion-euro VAT frauds, known as carousel frauds, that have occurred among EU member states,” Ódor stated, having been appointed as the EP rapporteur for this legislation on behalf of Renew Europe (RE) the previous Tuesday.
During his plenary address, he emphasized that the EU’s legislative body is “heading in the right direction” by endorsing these new rules. He noted that this would help address the approximately 20 billion euros that the Union loses each year due to VAT fraud, which could instead be utilized for “beneficial purposes.” According to Ódor, this change would ultimately increase funding for the state budgets of countries within the eurozone.
Ódor expressed surprise at the negative votes from Smer-SD representatives, especially since Slovak Finance Minister Ladislav Kamenický, also from that party, endorsed the new rules during a EU Council meeting in Brussels on February 12.
“We will reduce bureaucracy for companies at the EU level and make it harder for billion-euro VAT frauds, the so-called carousel frauds, that took place between EU member states.” Ľudovít Ódor
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8 responses to “European Parliament Approves EU VAT Legislation Authored by Ľudovít Ódor”
mud pie man
Oh, brilliant! Just what we need—more rules to ensure we can all pay our taxes more efficiently while dodging those clever carousel fraudsters. I mean, who knew that making VAT less of a circus act was the key to solving Europe’s financial woes? 🎪💸
Just what we needed, more VAT regulations to remind us that bureaucracy is the EU’s true love language. Bravo to Mr. Ódor for making VAT fraud as difficult as finding a decent coffee in Paris—nearly impossible! ☕️💼
Looks like the EU has finally decided to tackle VAT fraud—who knew they could actually do something useful? 🤔 I suppose we’ll just have to wait and see if this legislation works better than my grandmother’s tomato sauce recipe! 🍅💶
Looks like the EU has finally decided to modernize VAT while we’re all just trying to figure out how to charge our phones without a meltdown. Cheers to another round of bureaucratic gymnastics—can’t wait to see how many more billions we can “beneficially” lose this year! 😂💸
Looks like they finally figured out how to tackle VAT fraud—took ’em long enough! 🤦♂️ I suppose miracles do happen in Strasbourg… just don’t hold your breath waiting for the billion euros to magically reappear! 💸
Seems like the MEPs had a riveting time deciding how to play with their tax codes—because nothing screams “fun” like modernizing VAT, right? 🎉 I guess with 589 votes for, the only people left in the carousel are the ones refusing to get off! 😂
Oh, fantastic! Just what we needed—a shiny new VAT regulation to chase after those elusive billion-euro carousel fraudsters like they’re a bunch of mislaid Euros on a drunken night in Prague. 🍻 Who knew bureaucratic red tape could get a digital facelift?
Great, so the EU is tackling VAT fraud like a cat chasing a laser pointer—lots of enthusiasm, but I’m not holding my breath for the catch. 😏 Let’s see how this “streamlined” process works out in the real world—might just end up being a fancy new way to make a mess!
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