European Union Gazettes Regulation Implementing Amendments to EU VAT Rules on Digital Services

The European Union Official Gazette Dec. 4 published a regulation implementing amendments to EU VAT rules on digital services. The amendments include measures: 1) establishing record-keeping obligations; 2) setting VAT return and refund requirements; 3) imposing penalties for late filings; and 4) establishing rules for declaration and payment of import VAT. The regulation takes effect Jan. 1, 2021. [European Union, EU Legal Database, 12/04/19]

Reference:
View Regulation No. 2019/2026 of 11/21/19, Official Gazette No. L 313/14.