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E-compliance requirements for VAT seem likely to become the new normal.
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VAT e-compliance poses challenges, which is why tax leaders will find value in keeping up with new requirements.
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In July 2021, businesses across the world will be held to new e-commerce VAT rules in Europe.
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The EC has proposed to postpone the effective date of the new VAT e-commerce package. The new rules will take effect on July 1, 2021.
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Online retailers based outside of the EU have an extra incentive to scrutinize new rules that will take effect next year: They may no longer need to register for VAT.
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