EU LAUNCHES NEW PROPOSED LAWS TO FIGHT BURGEONING VAT FRAUD
January 1st, 2019
THE EUROPEAN Commission has continued to push reforms to European Union (EU) VAT legislation to boost the fight against VAT fraud. It has tabled a directive and a regulation whose goal is to establish an electronic business portal for VAT declarations allowing companies selling goods online to EU customers to administer their VAT obligations in one e-government system. This would discourage traders from making different VAT registrations in each country they sell – reducing the scope for fraud, said a Commission note. A second strand of these proposed laws ...
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