Breaking News

Razer Unveils Raiju V3 Pro Samsung announces Galaxy XR headset Leica M EV1 – the first M-Camera with an integrated electronic viewfinder Micron Delivers Industry’s Highest Capacity SOCAMM2 for Low-Power DRAM in the AI Data Center KIOXIA launches EXCERIA PLUS G3 and EXCERIA G3 microSD cards for exceptional photography and video performance

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

EU Plans To Simplify VAT Rules

EU Plans To Simplify VAT Rules

Enterprise & IT Dec 1,2016 0

The European Commission (EC) has proposed simplifying value-added sales tax (VAT) requirements for online retailers on Thursday, in a measure that could boost Internet commerce.

The Commision has already published plans to make parcel deliveries more affordable, protect consumers when they buy online and to limit "geo-blocking", the practice of barring consumers in one country from buying from a provider in another.

"We are delivering on our promises to unlock e-commerce in Europe ... Now we simplify VAT rules: the last piece in the puzzle," said Andrus Ansip, the Commission's vice president for digital affairs.

Currently, online traders of goods have to register for VAT in each of the EU countries to which they sell goods. Under new rules, European companies selling goods online will be able to cover all their VAT obligations across the bloc via their own national tax authorities.

The Commission said simplified rules on VAT would save EU businesses 2.3 billion euros and would also make it easier for smaller companies to trade across borders.

To support start-ups and small traders, companies would be able to sell up to 10,000 euros to other countries in the EU and treat them as domestic sales subject to local VAT rules.

The new rules should also ensure VAT is paid in the country of the final consumer and help governments recoup some 5 billion euros of last VAT from online sales per year.

Tags:
Previous Post
China's Social Messaging App WeChat Censors Users Abroad
Next Post
Microsoft Offers Grants to Organizations Working to Improve Affordable Internet Access

Related Posts

Latest News

Razer Unveils Raiju V3 Pro
Gaming

Razer Unveils Raiju V3 Pro

Samsung announces Galaxy XR headset
Consumer Electronics

Samsung announces Galaxy XR headset

Leica M EV1 – the first M-Camera with an integrated electronic viewfinder
Cameras

Leica M EV1 – the first M-Camera with an integrated electronic viewfinder

Micron Delivers Industry’s Highest Capacity SOCAMM2 for Low-Power DRAM in the AI Data Center
Enterprise & IT

Micron Delivers Industry’s Highest Capacity SOCAMM2 for Low-Power DRAM in the AI Data Center

KIOXIA launches EXCERIA PLUS G3 and EXCERIA G3 microSD cards for exceptional photography and video performance
Cameras

KIOXIA launches EXCERIA PLUS G3 and EXCERIA G3 microSD cards for exceptional photography and video performance

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed