How VAT Affects The Business World: ecommerce and beyond

submitted 2 months ago by jhaydckris to business

The Value-Added Tax, or VAT, is a tax levied on goods and services that are consumed in the European Union. This tax has been around for decades, but it has only been in the past few years that it has begun to cause issues for businesses in the e-Commerce space. In this article, we'll take a look at how VAT affects businesses in the e-Commerce space, and we'll also explore some of the ways that businesses can get around these taxes.