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
Danish decision on OSS compliance reinforces the...
A recent Danish Tax Appeals Tribunal decision has reinforced the importance of meeting VAT reporting obligations under the EU's One Stop Shop (OSS) regime. In...
SEE MORE
LATEST NEWS
Italy extends deadline for recovering Input VAT
Under a new legislative decree issued in August, Italy introduced a positive law for businesses registered for VAT in the country. From 1 January 2027...
SEE MORE
LATEST NEWS
Portugal clarifies VAT correction procedures and...
Portugal's Tax Authority has issued new guidance on VAT invoice corrections and introduced updates to the periodic VAT return, reflecting the country's...
SEE MORE