Post by account_disabled on Mar 10, 2024 23:30:09 GMT -6
Imagine that you sell your products to German consumers and that your annual turnover exceeds € 100,000 (let's assume that this figure is the threshold set in Germany). In this case, it was , invoice with the VAT rate applicable in that country and pay the VAT in that state. But if your turnover did not reach € 100,000 , you did not need to register for tax purposes in Germany and could continue to invoice your country's VAT rate (22% in Italy). Note: VAT conditions are established independently in each state and each sets a different threshold.
Likewise, regarding imports, those below €22 were exempt from paying VAT, which UAE Phone Number could lead to fraud in the declaration of the products purchased. Recommended reading: Brexit, what are the consequences for eCommerce? The new VAT in e-Commerce The new changes established by the European Commission aim to improve practices in the tax field of e-commerce. This could represent a challenge for some online stores, so we recommend hiring a tax advisor to streamline the workload. The main changes included in the.
VAT system reform and relevant for e-Commerce are the following: Elimination of thresholds in distance selling Starting from 1 July 2021, any e-Commerce that exceeds the threshold of € 10,000 of annual invoicing from customers in other Member States must invoice with the VAT rate of the destination country. Therefore, with this new reform , national thresholds are abolished so that there is a single threshold for all Member States . The good news is that through the one-stop shop system ( OSS Regime, One Stop Shop) , a web portal through which VAT is declared and paid electronically, it will not be necessary to register for tax purposes in another State.
Likewise, regarding imports, those below €22 were exempt from paying VAT, which UAE Phone Number could lead to fraud in the declaration of the products purchased. Recommended reading: Brexit, what are the consequences for eCommerce? The new VAT in e-Commerce The new changes established by the European Commission aim to improve practices in the tax field of e-commerce. This could represent a challenge for some online stores, so we recommend hiring a tax advisor to streamline the workload. The main changes included in the.
VAT system reform and relevant for e-Commerce are the following: Elimination of thresholds in distance selling Starting from 1 July 2021, any e-Commerce that exceeds the threshold of € 10,000 of annual invoicing from customers in other Member States must invoice with the VAT rate of the destination country. Therefore, with this new reform , national thresholds are abolished so that there is a single threshold for all Member States . The good news is that through the one-stop shop system ( OSS Regime, One Stop Shop) , a web portal through which VAT is declared and paid electronically, it will not be necessary to register for tax purposes in another State.