New VAT rules come into effect mid-2021
Divers
VAT Solutions, provider of independent VAT and Customs support services, informs on the upcoming VAT rules for supply of electronic services and goods via the Internet.
The rules, initially scheduled for 1st January 2021 will come into force on 1st July 2021.
The main changes are summarized on the
https://www.vat-solutions.com/ue-e-commerce-main-changes-vat/
Notably, the VAT exemption for low value goods is removed. For parcels whose value is lower than EUR 150, the supplier will benefit from a VAT exemption on import and a simplified customs declaration if he has opted for the declaration and centralized payment of VAT by the IOSS1 system. The customer will then pay the VAT due at the moment of purchase
For support and enhancing VAT and customs procedures, you can contact Karine Bellony, Managing Partner, at
