The new VAT collection scheme for parcel imports into the EU, which will be effective as of July 1st, 2021, may simplify the customs clearance process for parcel imports but may also create new obligations and tax collection complexities for the service providers handling these imports such as the postal operators, express couriers, customs agents and online marketplaces. These companies will soon be facing huge challenges when importing large streams of parcels. Tradetaxport will address this impact and can provide a fitting and competitive solution.
Source Tradetaxport
Latest Posts in "European Union"
- Scope of Standstill Clause in VAT Directive for New EU Member States: Spanish Representation Expenses
- EU Refers Spain to Court for Failing to Transpose VAT Directives into National Law
- EU Refers Spain to CJEU Over Failure to Transpose Two Key VAT Directives
- EU Court Rules VAT Applies to In-Game Asset Sales; Not Exempt as Financial Services
- ECJ Rules VAT Applies to Trading In-Game Assets for Real Money, In-Game Gold Not Exempt
