On 30 September 2020, the Commission published Explanatory Notes on the new VAT e-commerce rules. They contain extensive explanations and clarifications on these new rules including practical examples on how to apply the rules if you are a supplier or an electronic interface (e.g. marketplace, platform) involved in e-commerce transactions. These explanatory notes are meant to help online businesses and in particular SMEs to understand their VAT obligations arising from cross-border supplies to consumers in the EU.
You may also like
Other newsitems on DAC7 – click here
French Finance Minister Bruno Le Maire said that the EU should press ahead with plans for a bloc-wide digital tax in case global talks at the OECD to rewrite international tax rules fail.