5th December 2016

European Commission proposes new VAT rules

On 1 December, the European Commission proposed new VAT rules, including:

- New rules allowing companies that sell goods online to deal easily with all their EU VAT obligations in one place;

- To simplify VAT rules for startups and micro-businesses selling online, VAT on cross-border sales under €10,000 will be handled domestically. SMEs will benefit from simpler procedures for cross-border sales of up to €100,000 to make life easier;

- Action against VAT fraud from outside the EU, which can distort the market and create unfair competition;

- To enable Member States to reduce VAT rates for e-publications such as e-books and online newspapers.

These legislative proposals will now be submitted to the European Parliament for consultation and to the Council for adoption.


Click here for more details.

Members of the American Chamber of Commerce in the Czech Republic