European Union:
EU VAT Regime Catching Up With E-Commerce
01 June 2017
TMF Group BV
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The European Commission is working hard to deliver a Cyber
Monday-style deal of its own for value added tax ("VAT")
taxpayers trading online; the project is called "Modernising
VAT for cross-border e-commerce."
TMF Group expert, Johannes Laxafoss explains the European
Commission's Modernising VAT for cross-border
e-commerce project and the main changes expected to make
e-commerce traders' lives easier in respect of VAT.
EU lawmakers realized the burden of the current regimes may be a
serious obstacle for entrepreneurs (especially SMEs) looking to
expand, and understand that it may prevent them from gaining access
to the single market. In fact, 54 percent of potential online
cross-border sellers say dealing with foreign taxation is a key
problem for them. The European Commission therefore started work to
modernize the VAT regime for e-commerce cross-border traders.
Download the paper
EU VAT Regime Catching Up with
E-Commerce to learn more.
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