UPDATE: Italy postpones online marketplaces’ VAT fraud obligations

12 June 2019

Italy has postponed plans to make online marketplaces responsible for the VAT on sales of electronic goods under a value of €150, made by non-EU sellers to January 2021.

Under the new rules, online marketplaces will 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 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

UPDATE: Singapore writes to e-commerce companies...

The Singaporean tax authorities are writing to global e-commerce businesses to provide further information on how to register for the upcoming Goods and...

SEE MORE
LATEST NEWS

Bahrain increases VAT rate to 10%

From 1 January 2022, Bahrain has announced that it will increase its VAT rate from 5% to 10%. This VAT rate increase is being introduced to re-stabilise the...

SEE MORE
LATEST NEWS

UPDATE: Bulgaria extends the VAT rate reduction to 9%...

The Bulgarian tax authorities have confirmed that the VAT rate applicable on the following goods and services will remain at 9% until after the COVID-19...

SEE MORE

Gated Content

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