BERLIN: Germany is planning tougher rules for online shopping platforms to help combat sales tax fraud that is estimated to cost the country hundreds of millions of euros in lost revenue, a finance ministry spokeswoman said on July 30.
The draft law, reviewed by Reuters, would oblige operators of electronic marketplaces to record transactions that could be taxable in Germany. It will be discussed at Wednesday's cabinet meeting, the spokeswoman said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!