Brussels, 12/02/2002 (Agence Europe) - On Tuesday, the ECOFIN Council endorsed a political agreement without discussion on VAT on goods and services sold through e-commerce, like games, films, music, software, the hosting of websites and remote programme maintenance.
The new directive stipulates that suppliers resident in the EU are not subject to VAT when they sell their products outside the Community, in order to ensure EU suppliers remain competitive.
Both EU and non-EU suppliers,...