20 December 2016
The European Union have announced that they plan to remove the VAT exemptions for low value imports by 2021.
Currently, non-EU, E-commerce merchants of goods can import low value packages of around €22 ($25) into the EU VAT free. This gives these merchants an advantage over resident EU businesses and in an effort to stop this the EU have announced that they will scrap the exemption.
LATEST NEWS
Belgium approves draft law for near-real-time...
July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...
SEE MORE
LATEST NEWS
Luxembourg proposes the introduction of electronic...
This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...
SEE MORE
LATEST NEWS
Germany's action plan signals move toward...
Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...
SEE MORE