technology

European Commission wants to postpone VAT on ecommerce to relieve companies

The European Commission has proposed to postpone the entry into force of the VAT package on electronic commerce, as well as certain deadlines for the presentation and exchange of information imposed by the directive on administrative cooperation in the field of taxation.

Regarding the postponement of the entry into force of the VAT package on electronic commerce, Brussels suggests that the entry into force of the regulatory framework should be changed from 1 January 2021 to 1 July 2021.

The aim is to give the Member States and companies more time to prepare for the new rules.

The new regulatory framework introduces new obligations with regard to this tax for online markets, as well as simplified rules for companies operating in this space.

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