EU finance ministers next week are set to approve a bill that overhauls the way sellers report and pay value-added tax on goods imported from outside the bloc, a senior EU diplomat said.
The bill would remove the current 150 euro ($169) threshold for EU-based sellers to use the so-called Import One-Stop Shop, which allows online sellers to register in one EU country to declare and pay VAT.
The system is meant to simplify the collection, declaration, and payment of VAT on e-commerce imports into the EU and is part of a ...
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