As always, the last two months of the year are the busiest sales season. There are many guides and tips available on how to increase sales in an online shop, but often entrepreneurs forget about other important factors involved, such as correct VAT settlements abroad. As the busy sales period approaches, we would like to draw your attention to important tax issues:
- exceeding the distance selling threshold, currently €10,000 in total for all EU countries,
- entering new sales markets may trigger the need to register for VAT in the relevant country.
It is good practice to review your transaction reports to verify in which countries sales have occurred. This will allow you to determine whether you need to take any additional activities in terms of VAT. You may need to conclude an additional agreement to settle VAT in a country where you have not previously reported. If this is the case, please contact us through a dedicated Customer Service Consultant or via the online form.
Exceeding the distance selling threshold may result in a need to establish a new tax strategy:
- Are country-specific VAT registrations required?
- Will it be more beneficial to join the OSS procedure?
- Or will you need both at the same time?
So that you can focus on what you do best, entrust us with all your VAT registration and VAT Compliance responsibilities. For detailed information, please visit our website:
and for our prices, please visit our price list:
If you have any questions about these or other services we offer, please feel free to contact our experts: the contact form – amavat®
Your amavat® Team
We are an independent member of HLB. THE GLOBAL ADVISORY AND ACCOUNTING NETWORK.