The package contains provisions that would:
- Establish simplified VAT laws for cross-border e-commerce
- Update tax regulations to address the digital economy’s tax issues
- Streamline the administrative procedure to fight tax fraud
- Remove the EUR 150 threshold for the implementation of the import one-stop-shop (IOSS) scheme
- Extend the one-stop-shop (OSS) system to all business-to-business transactions
- Launch the Digital Age Initiative, which will standardize digital reporting criteria
Source: GVC
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