argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: VAT - e-commerce

On December 11, 2018, the Commission announced new detailed measures that will pave the way for a smooth transition to new VAT (Value-Added Tax) rules for e-commerce, that will come into force in January 2021. As it is known, the proposed implementing regulations presented today are the detailed rules needed to ensure the smooth running of the new VAT for e-commerce by Member States agreed in December 2017. These measures are essential, considering that the common VAT system plays a very important role in Europe’s Single Market: VAT, in fact, is a major and growing source of revenue in the EU, raising over €1 trillion in 2015, which corresponds to 7% of EU GDP. The new rules lay out the steps needed to ensure that online marketplaces can play their part in the fight against tax fraud and to ease administrative burdens for businesses selling goods online and should help Member States to recover the €5 billion in tax revenues lost in the sector each year - a figure due to rise to €7 billion by 2020.