Breaking News

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds Logitech announces MX Master 4 Begin the Racing Journey with the Thermaltake GR300 Racing Simulator Cockpit ASUS Announces ExpertCenter P600 AiO Casio Releases EDIFICE Featuring Forged Carbon

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

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds
Enterprise & IT

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds

Logitech announces MX Master 4
Enterprise & IT

Logitech announces MX Master 4

Begin the Racing Journey with the Thermaltake GR300 Racing Simulator Cockpit
Gaming

Begin the Racing Journey with the Thermaltake GR300 Racing Simulator Cockpit

ASUS Announces ExpertCenter P600 AiO
Enterprise & IT

ASUS Announces ExpertCenter P600 AiO

Casio Releases EDIFICE Featuring Forged Carbon
Consumer Electronics

Casio Releases EDIFICE Featuring Forged Carbon

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! Light Base 600 LX

be quiet! Light Base 600 LX

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

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