The date for the EU VAT package for electronic commerce to be put into effect is postponed until July 1, 2021. This was confirmed by the EU Council.
By that date, companies that base their activity on online sales must have their data, systems and processes adapted for this regulatory change.
Initially, the Council of the EU had set the application of this new package of measures on January 1, 2021. However, the European Commission proposed a postponement of 6 months due to delays in implementation, detected by the tax authorities and companies , in the midst of the COVID-19 crisis.
Once the postponement has been firmly confirmed, the Netherlands and Germany have suggested to the European Commission to study a new extension. The Netherlands has indicated that the earliest implementation date it can commit to is January 1, 2022.
However, there is a bloc of member states – Austria, Bulgaria, France and Malta – that prefer the regulation to start rolling on July 1, 2021.
Source: ivaconsulta.com
Latest Posts in "European Union"
- The Transfer of Own Goods Under ViDA: From Today’s Registration Maze to the Single VAT Registration
- CJEU Rules Austria’s Financial VAT Exemption Illegal State Aid
- EU Sets 2026 CBAM Certificate Price as Mandatory Carbon Import Rules Begin
- Commission Implementing Regulation (EU) 2026/1869: New Technical Rules for OSS, IOSS and the ViDA Transfer of Own Goods Scheme
- Webinar Zampa Partners: VAT implications for holding companies (Sept 22)
