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Internet VAT fraud just got more complicated, but not eradicated

Internet VAT fraud just got more complicated, but not eradicated
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E-commerce is facing a huge VAT reform

E-commerce is facing a huge VAT reform From 1 July this year. companies that conduct cross-border sales over the Internet are facing major changes in the field of VAT settlement. First of all, they will not have to register in every member state they sell to, as all VAT formalities will be handled by a one-stop shop. Secondly, the tax rate will be charged each time according to the rules of the consumer’s country, which will remove the unequal treatment between intra-EU and non-EU transactions. “This is a major reform that will bring many benefits to e-sellers, state budgets and consumers themselves,” says Patrice Pillet from the Directorate General for Taxation and Customs Union (DG TAXUD).

IMF/RMTF Webinar Series on the VAT

IMF/RMTF Webinar Series on the VAT
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