EEC approves amendments to administration rules for VAT on e-services in EEU
<p> MINSK, Jan 13 - PrimePress. The Board of the Eurasian Economic Commission (EEC) approved on January 12, 2021 amendments to the agreement on the Eurasian Economic Union (EEU) in terms of the unified rules for indirect taxation of electronic services, in particular, the payment of VAT at the place of service consumption by analogy with the rules on the destination country. The document was sent out to the EEU member states for endorsement, the EEC press office reports. </p> <p> </p> <p> The draft amendments were drawn up by the EEC in cooperation with the authorized bodies of the EEU members, taking into account international practices in the field of special tax rules for electronic services. The main innovation is the payment of VAT at the place of electronic service consumption by analogy with the with the rules on the destination country. </p> <p> </p> <p> “This is being done to create equal and transparent conditions for the taxation of services both within the Union and in trade with third countries in compliance with the global taxation trends,” says EEC Minister of Economy and Financial Policy Timur Zhaksylykov. </p> <p> </p> <p> Once the amendments have come into force, all EEU member states will bring national tax regulations for VAT on electronic services in line with the EEU law. End </p> <p> </p>
2021-01-14
Primepress
MINSK, Jan 13 - PrimePress. The Board of the Eurasian Economic Commission (EEC) approved on January 12, 2021 amendments to the agreement on the Eurasian Economic Union (EEU) in terms of the unified rules for indirect taxation of electronic services, in particular, the payment of VAT at the place of service consumption by analogy with the rules on the destination country. The document was sent out to the EEU member states for endorsement, the EEC press office reports.
The draft amendments were drawn up by the EEC in cooperation with the authorized bodies of the EEU members, taking into account international practices in the field of special tax rules for electronic services. The main innovation is the payment of VAT at the place of electronic service consumption by analogy with the with the rules on the destination country.
“This is being done to create equal and transparent conditions for the taxation of services both within the Union and in trade with third countries in compliance with the global taxation trends,” says EEC Minister of Economy and Financial Policy Timur Zhaksylykov.
Once the amendments have come into force, all EEU member states will bring national tax regulations for VAT on electronic services in line with the EEU law. End