Cross-border VAT e-commerce is being modernised in the EU !
From 1 July 2021, the VAT rules on cross-border business-to-consumer (B2C) e-commerce activities will change.
The rationale for these changes is to overcome the barriers to cross-border online sales and address challenges arising from the VAT regimes for distance sales of goods and for the importation of low value consignments.
What are the changes and benefits:......
Consumers will appreciate knowing that when buying goods online from inside the EU, the VAT rate applied is the same as for goods acquired in their home country - the new rules make sure that VAT is paid where consumption of goods takes place.
EU citizens will see public revenues increase - thanks to increased VAT payments and less VAT fraud, all Member States will benefit.
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