Legislators are acting to close e-commerce VAT and sales tax loopholes across the world.
EU Member States have agreed to make online marketplaces responsible for collecting VAT from 2021 for their non-EU sellers in a bid to recover €5bn in VAT fraud. But countries have already acted unilaterally, including the UK, Germany, Italy and Austria.
In the US states are forcing online marketplaces to report and collect sales taxes due by third-party sellers on their platforms. This is following the 2018 South Dakota vs Wayfair ruling on economic nexus, permitting states to extend the tax net to out-of-state retailers.
Join Richard Asquith and Jake Estes as they discuss why the EU and US are imposing new VAT and Sales Tax rules as well as covering:
DATE: 30th May 2019
TIME: 10:30AM to 11:30AM
- The EU countries already requiring marketplaces to check VAT compliance
- Why the EU has imposed lost-VAT liabilities on marketplaces from 2021
- The US states that require marketplaces to collect from Sellers
- Why some of the US states that are introducing out-of-state taxing
For brands and retailers looking to get a share across the Atlantic, this webinar provides guidance on the most pressing issues effecting this complex market. This webinar is co-organised by FUTR and Avalara