General information
Content
Who is affected by the new VAT rules which will come into force within the EU - when taxing e-commerce? The significant and highly impactful VAT reform which is coming will create many important changes to businesses that sell goods or provide services to individuals remotely within the EU. The new rules will come into force on July 1, 2021. Here are some of the key aspects that are important to look at in the light of the new rules:
- New obligations for declaring and reporting VAT on sales of goods and services to end-users in the EU;
- Deadlines for registration/ update when applying the special regimes; • Responsibility of online platforms; • Tax control in e-commerce;
- Trends in e-commerce taxation; Who is mostly affected by the changes?
- Owners and managers in e-shops; • Business that trades entirely / partially online;
- Merchants who provide electronic services to end-users;
• Operators of electronic platforms; •Traders importing goods into Europe from outside the EU
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