Compliance nightmare for Asian web merchants

According to proposed EU directives the interface between the EU indirect tax system and its trading partners will be neutral. Is it?

The European Union EU is closing a loophole that gives non-member e-commerce companies a key competitive advantage. At present, the lack of geographic and legal constraints means non-EU companies trading over the internet are exempt from value-added tax VAT on electronically delivered services to EU private consumers. Under a directive now in front of the European parliament and council, VAT rules would apply across the board.

The directive, which is awaiting approval from the 15 EU member states,...

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CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...