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New EU VAT Rules Apply as of 1 July 2021

The most relevant measures of the VAT Ecommerce Package are: Removal of the existing ‘Distance Selling Thresholds’ and extension of the VAT One Stop Shop system to ecommerce distance selling. Removal of the € 22 low-value import VAT exemption and introduction of the Import One Stop Shop (IOSS) system. Marketplaces become the deemed supplier and VAT collector in…

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