The German Government plans to tighten rules on online retail
The German Government would tighten the rules of online retail sales to curb tax evasion. It is planned that the operators of the marketplaces will be responsible for making traders pay the sales tax – the German newspaper Süddeutsche Zeitung wrote on Tuesday.
The new bill would go into effect as early as January 2019 and will be first discussed by the German cabinet on Wednesday.
Germany’s tax authorities estimate that they lose a high triple-digit million figure each year, mainly resulting from traders outside the European Union which pay too little or no sales taxes on online transactions. (MTI)
Related news
Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >E-commerce in Germany grows for the first time in two years
Sales in German online retail have increased slightly again for…
Read more >Rewe opens Europe’s largest autonomous supermarket
Rewe has opened Europe’s largest autonomous supermarket in Hamburg. Its…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >