EU officials have said that a stand-off relating to the payment of VAT on electronic goods bought online has been settled.
Online buyers of electronic goods will now be liable to pay VAT at the rate imposed by their country of residence instead of the tax imposed by the country their purchases came from.
EU finance ministers agreed the change as part of sweeping reforms of the region's value added tax regime.
The policy shift, which has been made in light of the upsurge in online services since the EU laid down VAT rules, is set to be introduced in 2015.
Further reading:
Comments