J

June 2021 Product Updates

See the summary of changes that were held below:

Fixes

a) We have updated The German year 2020 VAT return  with Corona non – standard rates

b) We have updated Rounding rules for France and Denmark

Improvements

a) We have added a page for the Sales tax economic nexus,  so now you can check the up-to-date information for each state you need in one document in addition to the diagram on a dashboard

New features

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

a) New reports are available for Online marketplaces via OMP API. See OMP API Guide – GET Report section.

b) New EU VAT calculation rules in line with EU VAT reform – all transaction dated 1 of July 2021 and later will be treated according to new rules

c) OSS registration new types of VAT registration are available online

     IOSS registration – available at Lovat platform in a “Tax settings” section

d) New Europe distant sales thresholds are available since 1. July 2021. Old threshold calculation will be available till 31. July 2021 and later upon request

e) Stripe integrationis launched for SAAS businesses and digital services sellers. Available at Stores / Project section