Tax Policy Proposals In Changing The Vat FrameworkThe development of an information based society is already happening in the European Union. The way in which business is conducted is being rapidly transformed and e-commerce holds the promise of significant wealth generation for Europe. Recognizing this, in the context of its new VAT Strategy, which is outlined in the proposal for a Regulation of the European Parliament and of the Council in July of 2000 report, the Commission identified the need to modernize the existing VAT rules. The proposal was made on the taxation of certain services supplied by electronic means which was the first step in implementing this strategy. Such process should encompass measures to simplify and strengthen the VAT system which encourage legitimate commercial transactions within the internal market.
The following questions have been addressed in this article:Are there any proposals regarding rules on paperless electronic invoicing?
What is the future policy on the issue of control and enforcement of VAT on e-commerce?