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Home News & Events TAX LAW NEWS: VAT Levied for B2C in the Telecommunications, Broadcasting and Electronic EU Markets

TAX LAW NEWS: VAT Levied for B2C in the Telecommunications, Broadcasting and Electronic EU Markets

Sunday, 25 May 2014 13:49

As from January 1st, 2015, VAT will be chargeable in the Member State of consumption on services relative to telecommunications, broadcasting and electronic supplied to private consumers [B2C] being private individuals and therefore, non-taxable persons, within the EU.

From next year, therefore, businesses operating in the relative markets including companies providing services in software and programming, tv and radio broadcasting, e-gaming, e-learning, and e-publications, will be requested to charge and collect VAT at the relative rate applicable in the Member State of the private individual given the fact that the percentage of VAT differs from one Member State to another. However, more importantly, there will be the requirement to adhere to the new reporting obligations of the relative transactions.