The importance of Social Caring

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Prisila102
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Joined: Wed Nov 22, 2023 9:20 am

The importance of Social Caring

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Furthermore, the reform affirms the principle according to which any import carried out from a country that is outside the European Union the so called "third countries" will be subject to VAT of the Member State of destination of the goods. This is regardless of the value of the import. You might be interested in " The Italian E Commerce boom in 2021 discover the new financing opportunities for development abroad" The current situation and the reasons behind the VAT reform for online shopping e commerce Italy Until now, when the annual turnover of e commerce coming from other European countries exceeds a certain limit , the online shop is obliged to register with the tax authority of the country in which the products are sold , and therefore to pay the VAT corresponding to that foreseen by the country in which the sales are made.

However, if the indicated threshold is not exceeded, then the VAT of the photo retouching country of origin the one in which the online shop is registered is applied. This simplification threshold , until now variable based on the European country, is therefore set by the new legislation at 10,000 euros, for all online sales in the Union area. Is your eCommerce not performing as you would like? Discover business data, common errors and best practices for online shops. The reasons for this important change? Mainly the rapid growth of online sales.

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In the last 12 months marked by Covid 19 , which accelerated the implementation of the planned changes, and the fact that EU states continue to lose almost 150 billion euros in revenue from value added tax every year. A reform that also aims to significantly reduce cross border VAT fraud, and also to ensure that companies compete on an equal footing and equal opportunities. For example, even large international e commerce marketplaces such as Ebay and Amazon will be considered responsible for VAT management.
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