- 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
Source: news.bloombergtax.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.
