The new e-commerce VAT rules will enter into force in Europe on 1 July 2021 and aim to regulate online sales of goods and services from businesses to consumers (B2C) within the European Union.
As the date approaches, the new regulation is generating uncertainty as it will affect all online sellers, digital platforms or marketplaces, postal operators, courier and transport companies, and of course EU consumers. Although the latter will not have to take any direct action or change their consumer habits, the new rules will provide greater security and transparency in terms of the taxation applicable to their online purchases.
Bové Montero is organising a series of webinars at different forums with a European outlook to provide a clear and concise explanation of the major changes in VAT for e-commerce and the repercussions for online business. The first session, held on 27 April in collaboration with the French Chamber of Commerce and Industry in Spain, was led by our Madrid tax team: Ludmila Frangu (Tax Manager), Tatiana Duque (Tax Advisor) and François Blin (Partner).
The topics covered were:
- B2C sales in the EU
- Imports into the EU
- Obligations for marketplaces
- Transparency on digital platforms