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
Foreign providers liable to register and collect VAT...
During September 2024, the Federal Democratic Republic of Ethiopia introduced VAT on the sale of digital services by non-resident providers to local consumers...
SEE MORE
LATEST NEWS
Update: Foreign providers selling digital services B2C...
From 1 October 2024, the Peruvian tax authority will introduce VAT at 18% on the sale of digital services by non-resident providers to local consumers. Peru...
SEE MORE
LATEST NEWS
UK to launch public consultation on electronic...
During September the UK unveiled a package of reforms that includes launching a consultation on how HMRC can support the introduction of electronic invoicing...
SEE MORE