- Amazon is being investigated for €1.2 billion VAT evasion in Italy.
- The investigation covers three years, from 2019 to 2021.
- The investigation focuses on whether Amazon should have paid VAT on behalf of its third-party sellers.
- The potential penalty could reach €3 billion.
- The investigation is based on the accusation that Amazon did not report VAT owed by non-EU third-party sellers.
- The Italian government amended VAT rules in 2019, making Amazon responsible for VAT on transactions from non-EU sellers.
- The investigation could impact other global e-commerce companies.
- If the allegations are confirmed, Amazon could face one of the largest amounts owed in VAT.
- The outcome of the investigation could reshape how tax authorities investigate e-commerce companies.
- The investigation could further disturb the US-EU economic relationship.
Source: vatabout.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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