30 June 2017
The EU Parliament’s Committee on Economic and Monetary Affairs (ECON) is proposing to make online marketplaces liable for the VAT on certain online sales of imported goods made by non-EU merchants via their portals.
It is hoped that this will reduce VAT fraud which is rife in this industry and, if accepted, it would only apply where the imported goods are at a value of less than €150 and the intermediary has an annual turnover of over €1M (or the equivalent in national currency).
LATEST NEWS
E-invoicing hub
Navigating complexity and preparing for the digitalisation of VAT and the future of tax Following compromises and modifications to the original proposal, the...
SEE MORE
LATEST NEWS
EU finance ministers agree to introduce new customs...
In November, the Economic and Financial Affairs Council (ECOFIN) agreed to introduce a customs charge on low-value parcels valued below €150. The charge...
SEE MORE
LATEST NEWS
UPDATE: Swiss government confirms likely delay for the...
The Swiss tax authorities have confirmed that the increase in the standard VAT rate from 8.1% to 8.8% will now be postponed until 2028. This VAT rate increase...
SEE MORE