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The European Union (EU) is making important changes to its value-added tax (VAT) rules, which will take effect on July 1, 2021. This will affect companies that sell across EU borders and companies that export goods to EU buyers.
These changes will result in simpler procedures and less administration, and may have a wider impact on the way businesses conduct business in the EU. This guide outlines the major upcoming changes and how they will affect merchants selling to EU buyers.