--- From: Fred Heutte <phredat_private> To: <declanat_private> Date: Wed, 18 Jun 2003 20:38:58 -0700 X-Mailer: Vivian Mail [325.0109300] Subject: EU set to introduce VAT on 'digital sales' by US and non-EU companies http://www.euractiv.com/cgi-bin/cgint.exe/?204&OIDN=1505680&-tt=me EU set to introduce VAT on 'digital sales' by US and non-EU companies In short: Effective 1 July 2003, the EU will begin collecting value-added tax (VAT) on "digital sales" of goods and other electronic transactions from American and other non-EU companies. Background: The law, based on a Council Directive adopted in May 2002, levies a 15 to 25 per cent tax on various transactions conducted over the Internet such as software and music downloads, subscriptions to services by an Internet Service Provider (ISP), and on all products purchased through an online auction anywhere within the EU Member States. Accordingly, US companies engaged in "digital sales" to customers in the EU might have to follow suit and collect taxes [. . .]. ------------------------------------------------------------------------- POLITECH -- Declan McCullagh's politics and technology mailing list You may redistribute this message freely if you include this notice. ------------------------------------------------------------------------- To subscribe to Politech: http://www.politechbot.com/info/subscribe.html This message is archived at http://www.politechbot.com/ Declan McCullagh's photographs are at http://www.mccullagh.org/ Like Politech? Make a donation here: http://www.politechbot.com/donate/ -------------------------------------------------------------------------
This archive was generated by hypermail 2b30 : Thu Jun 19 2003 - 22:18:24 PDT