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VAT MOSS reforms proposed

As you may recall, Webcomics.com informed you about VAT MOSS in 2014:

On January 1, the European Union (EU) is changing the way Value-Added Tax (VAT) is applied to digital goods. And its rules affect not only member countries, but countries outside of the EU as well. So, if you are selling digital goods (ebooks, music, apps, etc.) to someone who lives in the EU, the business — not the consumer — is responsible for the collection and remittance of the necessary VAT. This, of course, is a reversal from traditional VAT collection, which placed the burden on the consumer (if at all).

As a matter of fact, this site assembled a report card on third-party providers like Gumroad, Patreon, ComiXology, and Paypal on how they handled this burden on behalf of their clients.

Earlier this month, the European Commission announced a set of proposed sweeping reforms to the VAT MOSS structure. And it includes information you’re going to want to know.

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by Brad Guigar on December 6, 2016
Posted In: Business
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