The European Parliament approved rules Nov. 14 that would explain how online marketplaces should implement anti-fraud VAT measures.
- The new rules would specify:
- What kind of sales records e-commerce platforms will have to keep to assist local authorities calculate the VAT due;
- When a platform is considered to have played a role in a sale and is thereby responsible for ensuring VAT is collected;
- Which country is administratively responsible for a sale and therefore the collection of...