by stefanie | May 19, 2025 | World Focus
New rules aim to curb duty evasion and boost compliance via one-stop system. The Council of the European Union has agreed a general approach to new VAT rules designed to simplify tax collection for distance sales of imported goods into the EU. The move aims to close...
by stefanie | Feb 18, 2025 | World Focus
Paper tax forms will soon be history as the EU moves to digitalise VAT exemptions, promising businesses faster processing and fewer headaches when trading with embassies and international bodies. Businesses trading with embassies and international organisations will...
by stefanie | Dec 20, 2024 | Around the Industry
Three individuals have been convicted in Italy for their roles in a €58 million VAT fraud scheme exploiting cross-border tax exemptions. Two entrepreneurs from Padua—a father and son—were sentenced to six years and two months each. An accountant received a two-year...
by stefanie | Nov 6, 2024 | World Focus
The EU’s ambitious VAT reform aims to modernise tax reporting, simplify cross-border transactions, and reduce fraud on imports. The EU’s tax system, the European Economic and Financial Affairs Council reached an agreement on the “VAT in the Digital...
by stefanie | Jul 5, 2024 | World Focus
The EU is considering ending import duty exemption for low-value imports like printer cartridges. Germany advocates for the European Union to abolish a tax exemption on imports valued under 150 euros ($162). This move targets non-EU vendors like fast-fashion giants...
