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European Commission proposes to postpone VAT on ecommerce to "relieve" companies

The European Commission has proposed to postpone the entry into force of the VAT package on e-commerce, as well as certain deadlines for the presentation and exchange of information imposed by the administrative cooperation directive in the field of taxation.

The aim is to give Member States and companies more time to prepare for the new rules.

Regarding the postponement of the entry into force of the VAT package on electronic commerce, Brussels suggests that the entry into force of the regulatory framework should be changed from 1 January 2021 to 1 July 2021.

The new regulatory framework introduces new obligations regarding this tax for online markets, as well as simplified rules for companies operating in this space.

The EC has also decided to propose the postponement of certain deadlines for the presentation and exchange of information under the directive on administrative cooperation, it said in a statement. In this way, the countries of the European Union will have another three months to exchange data on financial accounts whose beneficiaries have a tax address in another Member State.

The decision does not affect the objectives of the European Commission, which remains committed to the fight against fraud and tax evasion, guarantees the community executive.

The Brussels proposals have already been forwarded to the European Parliament and the Council.