As of July 1, 2021, new VAT rules are introduced in the EU (the ‘EU VAT package 2021’) that will impact marketplaces and all merchants selling online to EU consumers.
These new rules will impact e-commerce businesses regardless of:🌍 where they sell from - from within or outside the EU
All product marketplaces are affected and potentially disrupted by these new rules in some way.
Let’s decode the « EU VAT package 2021 » regulation!
Rob van der Woude
Head of Product Innovation & Tax
What are the new VAT rules?
What does it imply for European B2C and B2B marketplaces?
What happens if marketplaces do not follow the rules or are not ready in time?