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European Parliament Panel Approves VAT Updates for Digital Platforms in the European Union

  • European Parliament’s economic and monetary affairs committee approves three opinions on EU value-added tax rules
  • Committee approves rule proposed by European Commission on sales of goods into EU by non-EU vendors via digital platforms
  • Platforms like eBay and Amazon currently act as deemed suppliers for VAT purposes
  • Rule would make platforms responsible for calculating, applying, and paying VAT on higher-value goods supplied by non-EU sellers

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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