EU Finance Ministers to Approve Import VAT Reform Bill for E-Commerce Simplification

EU finance ministers are expected to approve a bill reforming value-added tax on imported goods
The bill changes how sellers report and pay VAT on goods from outside the EU
It removes the 150 euro threshold for using the Import One-Stop Shop
The Import One-Stop Shop allows online sellers to register in one EU country for VAT purposes
The system aims to simplify VAT collection, declaration, and payment for e-commerce imports into the EU

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