New value added tax (VAT) rules for online shopping came into force this week. This development comes in the context of efforts to ensure a more level playing field for all businesses, simplify cross-border e-commerce and introduce greater transparency for EU shoppers in terms of prices and choice. The EU VAT system was last updated […]
E-commerce: Council adopts new rules for exchange of VAT payment data
The Council today adopted a set of rules to facilitate detection of tax fraud in cross-border e-commerce transactions. The new measures will enable member states to collect, in a harmonised way, the records made electronically available by payment service providers, such as banks. In addition, a new central electronic system will be set up for […]