11 June 2021
Major changes are coming to European e-commerce. Beginning 1 July 2021, the EU VAT E-Commerce Package will take effect, making all commercial goods imported into the EU from a third country or third territory subject to VAT.
Changes in consumer behavior brought about by the pandemic are accelerating the growth of the EU e-commerce market. As global e-commerce continues to transcend regional borders, understanding the implications of the Package will be critical to businesses based outside EU that consider the region a key growth market.
Our global indirect tax team has prepared this insight to guide you on the key points of the package: what has changed, how these changes are expected to impact businesses and their consumers, and what companies should do to comply and avoid commercial risks.
Click here to download the publication. (Pdf 6 Pages)
For further information, please contact:
Martin Morawski, Legal Director, Baker & McKenzie
Martin.Morawski@bakermckenzie.com
