Decisions on monetary policy
Continuă lectura „Newsletter February 2020”New rules for exchange of VAT payment data
The growth of electronic commerce, e-commerce, facilitates the cross-border sale of goods and services to final consumers in the Member States. In that context, cross-border e-commerce refers to supplies upon which the VAT is due in a Member State, but the supplier is established in another Member State, in a third territory or in a third country. However, fraudulent businesses exploit e-commerce opportunities in order to gain unfair market advantages by evading their VAT obligations. Where the principle of taxation at destination applies, since consumers have no accounting obligations, the Member States of consumption need appropriate tools to detect and control such fraudulent businesses. It is important to combat cross-border VAT fraud caused by the fraudulent behaviour of some businesses in the area of cross-border e-commerce.
Continuă lectura „New rules for exchange of VAT payment data”Measures to combat VAT fraud
The Members of the European Parliament (MEPs) supported measures on Tuesday, 17th of December, designed to fight e-commerce VAT evasion that would help cut some of the €137 billion lost each year across the EU to VAT fraud.
Continuă lectura „Measures to combat VAT fraud”Digital Economy and Society Index
The European Commission has published the results of the 2018 Digital Economy and Society Index (DESI) a tool which monitors the performance of Member States in digital connectivity, digital skills online activity, the digitisation of businesses and digital public services. According to it, the EU is getting more digital, but progress remains insufficient for Europe to catch up with global leaders and to reduce differences across Member States. This calls for a quick completion of the Digital Single Market and increased investments in digital economy and society.