ECONOMY - FINANCE - BUSINESS / Taxation

European Court of Auditors points out shortcomings in collection of VAT on e-commerce transactions

Brussels, 16/07/2019 (Agence Europe)

E-commerce is still vulnerable to VAT and customs duties evasion, according to a new report (see EUROPE B12057A21) by the European Court of Auditors published on Tuesday 16 July.

“E-commerce is particularly open to abuse and its vulnerability to irregularities and fraud has not yet been fully mitigated”, said Ildikó Gáll-Pelcz,the Member of the European Court of Auditors responsible for the report.

The report notes that there is no estimate of the extent of uncollected VAT on...