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New European VAT rules go into effect this week for online purchases

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New European VAT rules go into effect this week for online purchases

was carried over, but this Thursday, July 1, new rules for the application of value added tax (VAT) will come into force on transactions with goods through electronic commerce in the European Union.

Current regulations require that goods imported into the EU with a value of less than € 22 are exempt from VAT. With this legal change, there are no longer any benefits and VAT is now charged on all goods brought into the region.

Another change made to the new rules is the threshold after which a seller selling online must be registered for VAT purposes in a member state.

Until now, each country set its own limit, and there were several of them. From July 1, this threshold will be unique and will amount to 10 thousand euros – a ceiling that has already been applied since 2019 to electronic services sold online in the region. If this limit is exceeded, VAT is payable in the Member State to which the goods are delivered.

Registration of legal entities can now be done through an electronic portal, a single window, where all services related to the fulfillment of obligations in this matter are also centralized. This one-stop shop is available to retailers outside the EU as well as local merchants doing cross-border sales within the region.

“Instead of struggling with complicated procedures in other countries, [os comerciantes] they can register in their member state in their own language, ”explains the European Commission in a press release.

“Once registered, an online store can report and pay VAT on all of its sales in the EU through a quarterly declaration submitted at the department store. The transfer of VAT to the respective Member State will depend on the Single Window, ”he adds.

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This standardization of tariffs and the centralization of VAT payments will also have an impact on consumers, who will no longer be surprised to be charged extra on the price at which they buy a particular product. Until now, price adjustments for local VAT have been made at the customs office of the destination country or by the delivery service that delivered the goods to the buyer.

Recall that the last time the VAT system in the EU was updated in 1993, when e-commerce was practically irrelevant.

For European retailers and the region’s economy, the new measures will also have a big impact. Applying VAT on all imported goods will end abuse. Research on this issue has confirmed incorrect labeling practices for products such as smartphones in order to exploit this exemption, which gives non-European suppliers an advantage over local ones.

Overall, it is estimated that this “trick” avoids costs for the providers who use it, and the loss of revenue for the European authorities in the amount of about 7 billion euros annually.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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