Digital Marketplaces in Austria will be required to keep records of third-party transactions
From 1 January 2020, it will be mandatory for digital marketplaces in Austria to keep detailed records on transactions that have been made on the platforms by third-party sellers. These records will need to be submitted to tax authorities on an on-request basis, when...
Bulgaria to Raise VAT Registration Threshold to BGN 100,000
European traders who sell products cross-border to Bulgaria will know that the current threshold for VAT registration in the country is BGN 50,000. These merchants will have registered for Value-Added Tax in Bulgaria if their sales to the country exceeded BGN 50,000....
British Supermarket Morrisons partners up with Amazon and Deliveroo
British Supermarket Morrisons has partnered up with Amazon and Deliveroo to fulfil their deliveries after loosening ties with Ocado. Deliveroo has partnered with Co-Op and other smaller convenience stores in the past, but competition remains high amongst its...
DHL Introduces Drone Deliveries in China
International express delivery service DHL has partnered up with an autonomous aerial vehicle firm to launch an automated smart drone delivery service in China. The new intelligent drone delivery solution will operate in urban areas and overcome complex road...
Denmark Left Out Of Pocket Due To Technical Issues at Tax Authority
Due to several years of technical problems at Danish tax authority Skat, the tax authority is now greatly in debt to the state of Denmark. The overall debt that Skat owes totals at 117 billion kroner. Economics professor at Aalborg University, Per Nikolaj Buch, has...
Coop Converts Microspot into an Online Department Store
Switzerland’s electronic department store Microspot converted its business from a physical retail outlet to an online department store in May and now sells a broad assortment. Microspot is the third Swiss electronic retailer to turn its brick and mortar business into...
Denmark to Adjust VAT Registration Rules in Triangulation Scheme
Denmark’s simplified triangulation mechanism is an EU scheme which is applied when there is a supply chain of goods made up of three businesses from different Member States (classed as A, B and C). The businesses are VAT-registered in their Member States and goods are...
China Launches Cross-Border Hub in Latvia
China has launched a cross-border e-commerce hub with its trading partner Latvia. The hub has been opened at the Baltic Container Terminal in Latvia’s capital, Riga, in order to develop the commercial relationship between China and Latvia and to make products from...
Czech Republic E-Commerce Revenue Worth €5.25 billion in 2018
According to a recent report entitled “Payments Landscape in the Czech Republic: Opportunities and Risks to 2022”, E-Commerce in the Czech Republic was worth 5.25 billion Euros in 2018. In Czech Republic currency, this amount is worth 135 billion Czech koruny. This...
