Finland's Ministry of Finance has issued a release on the approval of the bill removing the VAT exemption for small imported online purchases, which is to be signed into law by the president so that it applies from July 2021. The removal of the exemption is part of broader changes regarding e-commerce in the EU, which also includes new rules to apply the destination principle for distance sales of goods so that supplies are subject to VAT in the Member State of the recipient, regardless of volume, with the prior EUR 35,000 limit abolished. In order to reduce the administrative...