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The New “Follow The Money” (PSP) Rules and the VAT Liability of Online Platforms: In Line with the Proportionality Principle and Data Protection Rules?

Detail Summary
Date 24 March 2020
Time 14:30 - 18:00

To fight e-commerce VAT fraud, the EU has enacted a set of rules which rely upon Payment Service Providers (PSPs) and Online Platforms to improve VAT compliance and fraud detection. To do so the new Rules require PSPs (e.g. banks, credit, electronic money institutions) to report certain payment-related information to their national tax authorities, which will then transfer them to a new EU centralised electronic system for storage and processing. 

The Rules also establish the VAT liability of online marketplaces that facilitate certain cross-border e-commerce transactions. Similar reporting and collection obligations are being imposed in many jurisdictions around the globe (e.g. US’ States like Illinois or Michigan for sales taxes) and will likely to proliferate in the years to come. The Rules will take effect on January 2021 and 2024 respectively.

During this afternoon seminar, the Rules will be explained and critically reviewed by internationally renowned experts in the fi eld of indirect taxation, taxation of fi nancial services, the platform economy and data protection. Topics that will be addressed include the proportionality principle and the EU General Data Protection Regulation and the question if automated individual decisionmaking is allowed

Program

14:30-16:00  Introduction of the new VAT rules for e-commerce

                           Dr. Giorgio Beretta LIUC University
                           Andrea Parolini Maisto e Associati/member  of the VAT expert Group

16:00-16:15  Break

16:15-18:00  The proportionality Principle and EU Data Protection  Rules

                           Dr. Aleksandra Bal Vertex Inc
                           Prof. dr. Joris van Hoboken IViR/VUB
                           Gijs Boudewijn de betaalvereniging

18:00              Drinks
 

Registration :
You can register for this seminar via www.actl.uva.nl > News & Events Admission price is € 95
Students free (please register in advance)

Location:
Universiteit van Amsterdam Roeterseilandcampus ,Nieuwe Achtergracht 166 1018 WV Amsterdam

 

ACTL research project ‘Designing a Tax System for  a Cashless, Platform and AI Driven Society’