Global Tax Insights
EC Unveils Digital Single Market Strategy in Hopes of Improving CommerceJune 30, 2015
16 step plan creates a single digital market for consumers and businesses across the EU.
Online providers of goods and services, as well as the film, television, and telecommunications industries, would be affected by a recently disclosed plan of the European Commission to condense the EU’s 28 markets into one single digital market for value added tax (VAT) purposes. The 16 step strategy aims to improve commerce for both businesses and consumers.
More About the Strategy
Through the strategy, the EC plans to (among other things):
- Reduce the cross-border administrative burden that comes with complying with different value added tax (VAT) rules in the 28 different regimes.
- Allow businesses and consumers across Europe easier access to digital goods and services.
The EC has hopes to fulfill all 16 initiatives by the end of 2016. For more information, read our article, “EC Unveils Digital Single Market Strategy”.