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.