VATupdate

European Commission urges Cyprus to transpose new VAT e-commerce rules

The Commission has decided to send two reasoned opinions to Cyprus for failing to notify the measures for the transposition into national law of Directive (EU) 2017/2455 and Directive 2019/1995 (“VAT e-commerce” Directives). The new rules are intended to simplify VAT for companies and consumers involved in cross-border online sales within the EU and to create a fairer environment for EU sellers by removing the VAT exemption for low-value imports from outside the European Union. Member States should have adopted and published the necessary national provisions by 30 June 2021. If Cyprus does not act within the next two months, the Commission may decide to refer the case to the Court of Justice of the European Union.

Source ec.europa.eu

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