The EU Commission is taking a tougher stance against tech companies. This is due to antitrust violations. On top of that, the Italian government has implemented new e-commerce rules. Meanwhile, Poland is taking a closer look at its VAT warehouse process.
The European Commission is taking steps against major tech conglomerates. Giants like Amazon, Apple, and Spotify service have all become singled out. The companies have reportedly not disclosed their European user numbers in full. This is now required under the Digital Services ACT (DSA).
Commissioner Thierry Breton underscored how critical this was. Businesses must all give accurate numbers. He also warned that companies not complying with the DSA would become pursued. The EU adopted the DSA back in 2022. Among its goal was to enhance content moderation on online platforms. It also seeks to tackle harmful and illegal materials.
Breton enjoined companies to follow the DSA requirements. Especially as the formal selection of large online platforms continues. The EU Commission crackdown helps make sure European policies will benefit citizens. And it’s done in a more effective manner.
Italian Government Imposes New E-Commerce Rules
The Italian government has imposed new regulations for e-Commerce sellers. This is in compliance with its recent Consumer Code. The main change revolves around enhanced transparency for online transactions. For instance, indicating whether the seller is a professional or an individual. There should also be general information on products shown in search results. There are sanctions set for those who do not comply.
Italy new e-commerce rules also need full disclosure of published reviews. There should also be transparency when it comes to sponsored advertisements. There’s also a provision for consumers withdrawing from a contract. They must desist from using digital services or content. It’s then made available to third parties.
Poland Looks into VAT Warehouse System
Poland started tax consultations to look into its VAT warehouse system. Its Ministry of Finance is checking if they can use it within Poland’s legal framework. The goal is to determine which industries could use VAT warehouses. There’s a particular interest in industries enmeshed in international trade.
Stakeholders were also invited to submit their opinions until April 3, 2023.
VAT warehouses work as an investment incentive for industries. These can streamline VAT collections and settlements. The EU also permits its members to introduce VAT exemptions. This is for specific trade transactions. For example, deliveries to free zones or bonded warehouses. The country is already working on several solutions allowed by the VAT directive.