EU Adopts New Rules to Make Suppliers Liable for Import VAT
The Council of the EU on July 18 formally adopted new valued-added tax rules that will make foreign suppliers liable for VAT paid on imports. "The directive will improve collection of VAT on imported goods by ensuring suppliers are always…
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liable for VAT paid on imports, rather than the EU consumer as is currently usual practice," the council said. "This should encourage suppliers outside the EU to use the bloc's "VAT import one-stop-shop," which is the EU's point of contact for importers of goods from third countries into the EU. The directive will be published in the Official Journal of the EU and will enter into force 20 days later. The rules will apply starting July 1, 2028.