EU proposes simplifying VAT rules to boost online trade

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission proposed simplifying value-added sales tax (VAT) requirements for online retailers on Thursday, the final piece in a series of measures to boost Internet commerce across the European Union. "We are delivering on our promises to unlock e-commerce in Europe … Now we simplify VAT rules: the last piece in the puzzle," said Andrus Ansip, the Commission's vice president for digital affairs. Currently, online traders of goods have to register for VAT in each of the EU countries to which they sell goods, a significant barrier given it can cost about 8,000 euros ($8,500) to comply per country.

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