Key Takeaways
- Significant changes to the EU place of taxation rules for live virtual events are set to take place on January 1, 2025.
- For B2C supplies to private customers in the EU, suppliers will need to charge VAT based on where the customer resides. Currently VAT does not need to be charged in the customer country.
- EU member states have been empowered to apply reduced VAT rates to some or all live virtual events.
- This rule change not only creates significant complexity with respect to tax calculation, but also requires suppliers to validate VAT IDs and respect local digital reporting requirements.
Source Fonoa
Click on the logo to visit the website
Latest Posts in "European Union"
- Scope of Standstill Clause in VAT Directive for New EU Member States: Spanish Representation Expenses
- EU Refers Spain to Court for Failing to Transpose VAT Directives into National Law
- EU Refers Spain to CJEU Over Failure to Transpose Two Key VAT Directives
- EU Court Rules VAT Applies to In-Game Asset Sales; Not Exempt as Financial Services
- ECJ Rules VAT Applies to Trading In-Game Assets for Real Money, In-Game Gold Not Exempt
