VAT e-commerce rules postponed till July 2021

Further to the preliminary agreement reached on 24 June 2020 (See MIT News 25 June 2020), Council Decision amending Directives (EU) 2017/2455 and (EU) 2019/1995 as regards the dates of transposition and application in response to the COVID-19 pandemic and Council Regulation amending Regulation (EU) 2017/2454 as regards the dates of application in response to the COVID-19 pandemic, have been adopted by written procedure. Pursuant to the amendment, the revised VAT e-commerce rules will come into effect on 1 July 2021 (instead of 1 January 2021).

In a Statement annexed to the Communication, some Member States, including Malta, stressed that a further postponement of the entry into force of the e-commerce package beyond 1 July 2021 would not be acceptable.

 

The amendments to the Malta VAT Act implementing these new rules were published on 2 June 2020 (See MIT news 3 June 2020). THE MALTA INSTITUTE OF TAXATION IS HOSTING A SEMINAR ON THE CHANGES INTRODUCED BY THE ABOVE-MENTIONED LEGAL NOTICES – PREPARING FOR VAT 2021: B2C TRANSACTIONS IN GOODS AND THE EXTENSION OF THE MINI ONE STOP SHOP. CLICK HERE TO FIND OUT MORE.