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Government agrees with rules to falls on online shopping tax fraud

The German government agreed on rules to make online marketplace operators liable for tax fraud by customers, a spokeswoman for the German government said on Wednesday.


Reuters Last Updated at 01 Aug 2018, 16:08 IST Germany

The German government agreed on rules to make online marketplace operators liable for tax fraud by customers, a spokeswoman for the German government said on Wednesday.

On Tuesday a spokeswoman for the finance ministry had said Germany was 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.

The draft law, reviewed by Reuters, would oblige operators of electronic marketplaces to record transactions that could be taxable in Germany.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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