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
Reminder: Finland standard VAT rate increase from...
A reminder that the Finnish standard VAT rate will increase from 24% to 25.5% on 1 September 2024. This increase will make the Finnish standard VAT rate the...
SEE MORE
LATEST NEWS
Estonia to end Covid-related reduced VAT rate cuts...
Estonia will increase the VAT rate on the following supplies from 1 January 2025: Accommodation services from 9% to the 13% reduced VAT rate. Newspapers both...
SEE MORE
LATEST NEWS
South Africa scraps low value import VAT exemption
On 1 September 2024 the South African Revenue Service (SARS) will scrap its current import VAT exemption on low value goods. This import VAT exemption allows...
SEE MORE