Conclusions on the execution of the VAT e-commerce package were accepted by the Council

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