Many U.S. states now require online marketplaces to collect and remit sales taxes. The EU is following close behind, making marketplaces like Etsy and Alibaba responsible for collecting and remitting value added tax (VAT) beginning July 1, 2021. Christiaan van der Valk of Sovos outlines the EU program and measures being taken by individual jurisdictions.
Source: bloombergtax.com
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 and Transfer Pricing: ECJ’s Arcomet Decision Clarifies Intra-Group Service Remuneration and VAT.
- VAT on Transfer Pricing Adjustments: Importance of Detailed Documentation in Court Rulings
- E-Invoicing in the EU: Tax Authorities’ Data Use and Its Impact on Businesses
