As of 1 July 2021, new rules with regard to (online) sales to private individuals (B2C transactions) will come into effect. These rules have an impact on the current distance selling rules, and they will effectively require businesses who make B2C sales to report these sales to non-business customers in (other) EU countries to report these sales via the One Stop Shop (OSS) mechanism.
We prepared a quick and simple overview / stepplan for businesses selling B2C SERVICES to see if and how they will have to do something. Please follow the link below:
An overview of the B2C sales of GOODS will follow later.
Disclaimer:
This material represents the view, interpretation and experience of the author and is a service made available by www.vatupdate.com
The material used and presented in this post is for information purposes only. Although the author went to great lengths to make sure the information is accurate and useful, website visitors and readers should not act on the basis of any matter used or presented without considering appropriate professional advice.
Please check with your own tax department or external indirect tax advisor or specialist if you have any question about the tax treatment of a transaction, or tax reporting and record keeping requirements for your business in the country or countries where you are doing business.
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