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
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