Webinar 'VAT and e-commerce: new rules from July 2021, make sure your company is prepared on time'

From 1 July 2021, the taxation of VAT on e-commerce within the European Union (EU) will change. When you sell (online) goods to consumers in the EU, your business is expected to fall within the scope of the new rules. The new rules require changes in several areas of your business.

The current VAT rules for distance selling are going to change. Deliveries to consumers (B2C) in the EU are currently subject to VAT in the country of receipt of the goods once the turnover threshold is exceeded in that country. The seller must collect this VAT and remit it to the local tax authorities. As a result, your company may face a VAT registration obligation in 27 countries. In many of these countries, non-EU entities also have an obligation to appoint a tax representative. 

In order to simplify this regulation and reduce the administrative burden, a one-stop shop for cross-border online consumer sales will be implemented from 1 July 2021. This system is called the One Stop Shop (OSS). The use of the OSS is not mandatory. However, a tax representative may be required for non-EU entities in order to use the OSS under local legislation. At the same time, the so-called threshold for distance selling is lowered, which means that your company is more likely to come into contact with these regulations.

If the new rules have an impact on your business, it is important to act in a timely manner. Mazars is organising a webinar to update you on the latest developments and provide you with tools to ensure that your business and systems are prepared for the entry into force of the new VAT rules on 1 July 2021.

This webinar will be in English. You can find the Dutch version of this webinar here

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