Dropshipping is a booming business. Many a young person has now exchanged a study or job for the operation of lucrative webshops. That the VAT aspects for these online purchases and sales are not equally clear to everyone, is evident from the many discussions about this on various internet forums. In addition, the European VAT legislation for e-commerce will change with effect from 1 January 2021. Below is an explanation.
Source: nextens.nl (Dutch)
Latest Posts in "European Union"
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform
- VAT on Transfer Pricing Adjustments: Importance of Detailed Documentation in Court Rulings
- VAT and Transfer Pricing: ECJ’s Arcomet Decision Clarifies Intra-Group Service Remuneration and VAT.
- E-Invoicing in the EU: Tax Authorities’ Data Use and Its Impact on Businesses