A new e-commerce package has been introduced by the EU as of July 2021 and the purpose of the changes in the current package is basically to build a more reliable and less complex “Digital Single Market Strategy for Europe”. In the light of these changes, there will be fair competition for EU companies in the supply chain, and regional cross-border trade facilitation along with combating VAT fraud. This article explains the VAT rules changes for cross-border e-commerce and clarifies who will be affected by this new VAT application.
Source: mondaq.com
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