The economic stability of Central and Eastern Europe provides a solid ground for businesses to get into motion. The growth of most companies actively relies on the import or export of goods and services, but these actions call for an internal mechanism that ensures neutrality and a system that works in the interests of member states in all aspects of cross-border operations.
The current value-added tax system of the EU was built on this need and presently, member states are subject to regulations that, among others, avoid double taxation and require the taxes paid only on the value that is added at each stage of production and distribution.
To provide you with practical information on the matter, our experts prepared an interesting overview of the local VAT regulations from the Czech Republic, Hungary, Poland, Romania, Russia and Slovakia.
One stop shop and other VAT news for eCommerce in the EU
If your e-shop delivers goods to customers in other EU states in B2C transactions, a change in the VAT treatment of mail order sales will apply to you from the middle of this year. The reason is the change of the VAT legislation in the field of distance sales of goods, formerly known as dispatching goods to another EU member state.
