UPDATE NEW VAT RULES FROM EU AND OTHER COUNTRIES AFTER 1 JULY 2021 The commercial goods imported to the EU were not imposed VAT basing on the VAT rules applicable up until July 1, 2021. The low-value consignment VAT exemption was intended to promote international trade and to reduce customs from the burden of checking large volumes of packages for small amounts of potential tax revenues. However, on […]
E-COMMERCE: AN INCREDIBLE RISE DURING THE COVID-19 PANDEMIC HAVE YOU KNOWN THAT E-COMMERCE IS THE MOST RESILIENT BUSINESS SECTOR DURING THE PANDEMIC IN THE US? The global e-commerce industry is not only the most resilient during the pandemic but growing tremendously with the rise up to 33.6% with nearly $800 billion, higher than the expectation of $675 billion in 2020. The power of […]