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Europe Daily Bulletin No. 11222

20 December 2014
ECONOMY - FINANCE - BUSINESS / (ae) taxation
Moscovici welcomes new e-services VAT rules

Brussels, 19/12/2014 (Agence Europe) - Taxation Commissioner Pierre Moscovici has welcomed the new VAT rules for online cross-border services that were unanimously voted through by the member states in 2008 and come into force on 1 January 2015 (see EUROPE 11112). “So far, a lot of VAT revenues on on-line cross-border purchases have gone to low-tax member states where large e-firms are based. As of January, new rules will correct this distortion and ensure fair distribution of tax revenues...

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