On Friday 8 November, EU Economy and Finance Ministers reached political agreement (‘general approach’) on proposals to better combat VAT fraud in the e-commerce sector (see EUROPE B12361A3).
Member States will have to apply the new rules from 1 January 2024. These two texts aim to facilitate the detection of tax fraud by Member States’ authorities and to complement the existing VAT regulatory framework, recently amended by the VAT Directive on electronic commerce.
The Commissioner for...