EU Adopts Rules To Revamp VAT System For Online Sales

Law360, New York (December 5, 2017, 2:42 PM EST) -- The Council of the European Union on Tuesday adopted regulations to overhaul its antiquated value-added tax system so that certain online sales from countries outside the EU no longer will be exempt from the tax and to reduce compliance costs for businesses.

In a statement issued Tuesday, the council — which is made up of government ministers from each EU country — noted that the approved proposals attempt to ease collection of VAT when consumers buy goods and services online. The new regulations, which the European...
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