The competitive disadvantage of EU e-merchants could be eliminated

By: Trademagazin editor Date: 2020. 10. 20. 11:17

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The good news for EU e-merchants is that the 22 euros VAT-free limit for products ordered from third countries will be lifted, thus reducing their competitive disadvantage compared to Far Eastern online stores selling cheap products – Világgazdaság Online, wrote. The aim is to eliminate abuses, prevent VAT fraud and to reduce administration.

The tax package submitted recently includes, among other things, the implementation of the EU’s e-commerce VAT reform. According to Antretter Erzsébet, senior manager of the tax consulting business of the Niveus Consulting Group, this was to be expected, as the so-called e-commerce VAT package, which is mandatory in the member states of the European Union, was adopted last year. (vg.hu, Gyöngyösi Balázs)