Italy announces online marketplaces VAT fraud obligations

8 March 2019

Italy has announced plans to make online marketplaces responsible for the VAT on sales of electronic goods under a value of €150, made by non-EU sellers.  If implemented this will apply to sales of mobile phones, video games, tablets and games consoles for example.

Under these new rules, it will mean that the online marketplaces will have to first acquire the goods from the non-EU seller and then undertake the local sale to the consumers themselves.  The marketplace will then be responsible for charging, collecting and remitting VAT to the Italian tax authorities on the transaction.

This measure is designed to help to prevent online VAT fraud and mirrors the proposal by the European Commission to make online marketplaces liable to all VAT on sales of goods through their platforms by 2021, please click here for further detail.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UK cuts hospitality and tourism VAT to 5% until...

From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of...

SEE MORE
LATEST NEWS

Portugal extends VAT return deadlines

The May and June monthly VAT returns due on 12 July and 12 August respectively are now due on 17 July and the 17 August. The deadline for the March to June...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.