Steel, since 2022 the change of the iva system in the EU and One stop shop

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Steel, since 2022 the change of the iva system in the EU and One stop shop

The Commission of the European Union has submitted an amendment to the procedures relating to VAT.
Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said that the anachronistic system of national borders after 25 years from the creation of the Single Market will end because of the application of the new system that considers cross-border transactions as national transactions in the home market.
Among Business Benefits, reduction of bureaucracy for cross-border exchanges, Unique legislation applied throughout the Union and simplification of procedures related to VAT.
The commercial transaction is subject to the current VAT regime in the country of destination of the goods, the starting state will collect the tax that at a later time will pay at the destination.
This new operating system will have a Single Digital Portal called One Stop Shop, in the language of each member country, and will handle all B2B operations between the Companies.

News by Mazzalex