29 May 2020
Due to the Coronavirus crisis, the European Commission proposes to delay the introduction of the EU VAT e-commerce package from 1 January 2021 to 1 July 2021.
It is hoped that the introduction of this package will reduce the amount of VAT fraud, which is prevalent in this sector and currently stands at approx. €5billion per year.
Please click here for further information on these reforms.
LATEST NEWS
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE