New rules to improve how VAT works for online companies in the EU

The new system will make it easier for consumers and businesses, in particular start-ups and SMEs, to buy and sell goods cross-border online. It will also help Member States to recoup the current estimated €5 billion of VAT lost on online sales every year. The agreement was reached by the Economic and Finance Ministers of Read more about New rules to improve how VAT works for online companies in the EU[…]