New VAT rules in distance sales from July 1st
As from 1 July, new VAT rules apply for cross-border e-commerce activities B2C, (from business to final consumer). The existing limit provided by each respective country (€35.000 or €100.000) is abolished for intra-Community distance sales, which, if exceeded, companies had to pay VAT to the consumer’s Member State. The new provisions now set a new …