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EU’s Major VAT Reform Turns E-Commerce Upside Down: Part 1

July 1, 2021, saw a major change in the EU’s value-added tax (VAT) law, which affects online retailers and marketplaces across the EU. When it comes to cross-border e-commerce, VAT law in the EU has been largely unchanged—almost left untouched—since 1993. It was no longer compatible with the rapidly advancing development of e-commerce.

Source Bloombergtax

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