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Widening budget deficits seem likely to drive broader adoption of VAT e-compliance rules.
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E-compliance requirements for VAT seem likely to become the new normal.
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The Council of the European Union has a rotating presidency that in the second half of 2020 was held by Germany and transitioned to Portugal on Jan. 1, 2021.
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VAT e-compliance poses challenges to tax departments, which is why tax leaders will find value in keeping up with new requirements.
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Marketplace facilitators should be cautious of VAT regime changes.
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When the European Commission shared its proposal economic recovery, it trigged a trillion-euro question.
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Join this webcast to hear from Vertex C-level Tax and IT executives as they share their experience, insights, and best practices around IT modernization and for migrating indirect tax to the cloud.
Watch Time 1 hr 2 mins
In July 2021, businesses across the world will be held to new e-commerce VAT rules in Europe.
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Company tax leaders in Germany were surprised by the temporary VAT rate reduction in the country’s stimulus package proposal.
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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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On April 15, the UK resumed Brexit-related trade deal negotiations, via video, with the EU following a two-month delay caused by COVID-19.
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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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