Fernando Matesanz of Spanish VAT Services considers whether the VAT regulations for e-commerce will really simplify things for companies.
Source International Tax Review
Note from the editors: In some cases, the new e-commerce rules are certainly not an improvement. Unclarity on the definition of a distance sale, discriminatory threshold of EUR 150 for non-EU sellers, easy abuse of iOSS numbers, increased costs for consumers, adjustments of systems and invoicing for sellers, confusion about VAT rates, etc. As mentioned in this article, the main advantage is for tax authorities, to easily collect VAT. The burden, as usual, is for the businesses, the unpaid tax collectors for the EU…
Latest Posts in "European Union"
- Pierrakakis at ECOFIN: Innovation and Digitalization as Europe’s Competitiveness Drivers
- Three Plead Guilty in €6.5 Million Tax Evasion and Money Laundering Case
- Transfer Pricing Adjustments and VAT Implications: Impact of Recent CJEU Decisions
- VAT Treatment of Loyalty Points in Lyko’s Scheme: Not Classified as Vouchers, Says AG Kokott
- Impact of New EU VAT Framework on Italian Distance Sales and Imported Goods