- The EU’s VAT system for e-commerce, introduced in 2021, has significant flaws and allows for tax evasion.
- Traders abuse the import regime and underreport VAT by undervaluing shipments, especially from non-EU countries.
- Customs officers found errors in one-third of checked shipments and undervaluation in 61% of cases.
- Data used to combat tax evasion is incomplete and unreliable, leading to non-payment or underpayment of VAT.
- Increased customs controls at Mošnov airport led to a significant decrease in shipments, showing traders quickly adapt to enforcement.
Source: europeannewsroom.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.
Latest Posts in "European Union"
- New SDEU Ruling May Allow Earlier VAT Deduction Without Waiting for Invoice Receipt
- Input Tax Deduction and Gratuitous Value Transfers: New BMF Guidelines Effective from 2026
- Parcels from outside the EU 5 euros more expensive from November due to extra import duties
- EU Financial Sector Tax Reform: Divided Parliament Debates VAT, IPT, and FTT Amendments
- Online workshop – Reality check on the revision of eInvoicing Directive (April 27)
