Our professional and specialized VAT team is always informed with the latest VAT updates and regulations from around the world. Here you will find all you need to know regarding all the latest VAT news and information.
From July 1, 2021, the new regulations for e-commerce will come into effect. These regulations will change the position of suppliers and online marketplaces.
The European Commission has released a new guide for the One-Stop-Shop that will be part of the new VAT e-commerce package and applicable starting July 1st, 2021.
The directive of administrative cooperation was amended on the 22nd of March by the EU council to cover digital platform sales. These new obligations for digital platforms will apply from 2023.
All businesses selling their products to the UK have many factors to take into consideration as they need to pay attention to a wide range of new rules such as consignment value, location of the goods, or the involvement of an online marketplace.
A new circular has been published by the Italian Revenue Agency regarding the application of Digital Services tax.
Around 54% of European companies are held back from reclaiming VAT because of complex processes, SAP Concur points out in the report “The Hidden Potential of VAT Reclaim”
Brexit means that the VAT consequences with regard to the transactions with the United Kingdom have changed from 1 January 2021.
According to the publication by the State of Maryland (US) “Business Tax Tip #29”, the sale or use of Digital Products and Digital Codes is subject to Sales and Use Tax (SUT). The measure is in effect since 14 March 2021 while the applicable Tax rate on digital products is 6%.
A new change yet to come in July for all companies is regarding CE-marked products that are imported in the EU.
Links to all the recent articles regarding the Changes that will take place for eCommerce VAT in July 2021.