VAT e-commerce rules – agreement on delayed entry into force

Further to the Commission’s proposal for the delay of the entry into force of the VAT e-commerce rules (see MIT News 10 May 2020), Member states’ ambassadors to the EU reached a preliminary agreement on 24 June 2020 on postponing the application of the rules by six months, i.e. as of 1 July 2021, instead of 1 January 2021.

The postponement should be formally adopted by the Council, without further discussion, once the text has undergone a legal and linguistic review.

source: consilium.europa.eu

 

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.
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