6 January 2025
From 1 January 2025, the supply of a live virtual event is taxable in the EU country where the consumer purchasing the online attendance resides. This means that virtual event providers will need to charge and remit the VAT rate of the consumers’ country. This will oblige suppliers to either VAT register in each country or to choose to use the non-union One Stop Shop system to account for the VAT on these types of supplies.
This change will have a significant impact on non-EU businesses that are supplying virtual events, as many non-EU countries own VAT legislation state that these types of supplies are taxable where the supplier is located. As a result, this could lead to double taxation if businesses will be required to charge VAT both in the country of supply and in the EU country where their customers reside.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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