July 2021 Product Updates

July 2021 Product Updates

See the summary of changes that were held below:

Fixes

  1. New Europe distant sales thresholds are available since 1. July 2021. Old threshold calculation will be available for retrospective uploading;
  2. EU Tax calculation date is now synchronized with the payment/transaction date for EU transactions after 1 July 2021.

Improvements

  1. New parameters added to tax audit reports for Merchants with IOSS and OSS vat numbers. According to updates to datasets required for tax audit purposes;
  2. New Vendor parameters added to Dataset for OMPs integrations with Shopify.

New features

For your convenience we have added the following functions to our platform:

  1. New IOSS return is available for Online marketplaces and Merchants via in Returns section. See the video on how to fill out the IOSS VAT return here;
  2. New Merchant tax settings are available for Online marketplace calculation rules in line with EU VAT reform – with VAT reform it is now mandatory to determine the place of establishment of merchants for the OMP dataset. If you don’t have this parameter in your transaction data – it is possible to add all Merchants’ tax settings in the Merchant section;
  3. Canadian threshold calculation for OMP is now available for all OMP subscriptions. See the article for OMPs with sales in Canada;
  4. Magento-1 integration is launched for online stores and OMPs. Available in the Stores / Project section. See the Magento integration guide here.
October 11, 2024 57
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