New EU approach to VAT for e-com imports to simplify trade, compliance
EU finance ministers recently reached an agreement on a new approach to VAT focusing on e-commerce imports and the taxation of distance sales of imported goods. The agreement will further enhance the effectiveness of the Import One-Stop Shop portal by simplifying VAT declaration and payment, reducing administrative burdens for EU importers and further improving the fight against VAT fraud.
EU finance ministers recently reached an agreement on a new approach to VAT focusing on e-commerce imports and the taxation of distance sales of imported goods.
The agreement will further enhance the effectiveness of the Import One-Stop Shop portal by simplifying VAT declaration and payment, reducing administrative burdens for EU importers and further improving the fight against VAT fraud.
