VAT ON EU ONLINE SALES TO BE PAID AT DESTINATION TO BEAT FRAUD
December 1st, 2016
The European Commission has come forward with proposals to revamp the European Union’s (EU) value-added tax (VAT) system for online sales that notably would ensure sales tax is paid in the destination country. Having sales tax paid in the destination country was a key demand in a November European Parliament resolution aimed at tackling VAT fraud. Another crucial fraud-busting measure in the proposal, designed to overhaul a VAT system that predates the Internet, would end a waiver for VAT on consignments imported into the EU worth less than EUR22. A ...
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