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Postponement of VAT E-commerce Rules due to COVID-19

Summary

The European Parliament proposes reducing the proposed delay for new VAT e-commerce rules from six months to three months to prevent massive revenue losses caused by the COVID-19 pandemic.
9 29.07.2020
Other
economy
taxation
european union
business and competition
information technology and data processing

Key points

  • The proposal seeks to adjust the application dates of new VAT rules for online shopping due to the COVID-19 crisis.
  • The Commission originally suggested postponing the rules for six months, until July 2021.
  • The European Parliament recommends a shorter three-month delay, moving the start date to April 1, 2021.
  • A long delay could cause Member States to lose between €2.5 billion and €3.5 billion in tax revenue.
Documents (PDFs)
REPORT on the proposal for a Council regulation amending Regulation (EU) 2017/2454 as regards the dates of application due to the outbreak of the COVID-19 crisis Amending Regulation (EU) 2017/2454 as regards the dates of application due to the outbreak of the COVID-19 crisis *
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