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Ecofin adopts simplified VAT rules for small businesses and rules to facilitate the detection of tax fraud in cross-border e-commerce transactions

Source EY

On 18 February 2020, the Council of the European Union (the Council or ECOFIN) adopted

  • simplified VAT rules for small businesses effective January 1, 2025
  • a set of rules to facilitate the detection of tax fraud in cross-border e-commerce transaction seffective 1 January 2024.

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