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VAT refund for non-EU marketplace sellers

By Peter / In MARKETPLACES / May 20, 2022

The issue with VAT refund may appear when non-EU companies import goods to the EU and sell them via Marketplace. It comes about as an effect of two circumstances: first, the marketplace collects and remits all VAT collected from buyers, and second the company as an importer pays VAT at customs. I must say right …

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Canada Marketplace facilitator tax rules

By / In MARKETPLACES / April 12, 2022

Canada implemented marketplace legislation on the Federal level and on the provincial level. Canada consists of several provinces and each has GST/HST tax rates which differ from 5% to 15%. E-commerce operators should use the destination principle as the way to determine a tax rate for a sale.   If you just started to operate …

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US sales tax rules for online marketplaces. Who pays the tax?

By Peter / In MARKETPLACES / April 12, 2022

The United States is one of those countries that have rules under which marketplaces are responsible for paying taxes on goods and services sold on this marketplace. It must be remembered that sales tax is set at the level of each state and this accordingly leads to the fact that the rules in each state …

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US Sales tax basics for sellers who want to sell to the US

By Peter / In US SALES TAX / February 4, 2022

The first thing you need to realize is that in terms of consumption taxes the US states differ significantly from state to state. Even in one state sales tax rates differ from district to district. You always can use our calculator to check the tax rate for specific zip or IP address.   You don’t need …

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Retrospective tax registration

By Peter / In EU VAT / December 28, 2021

Why you may need retrospective tax registration? Sometimes sales start expanding to new markets. Especially with these remote times, we don’t know where our new customer is located. That means that we need to track: – where our customers are located; – revenue thresholds for each country; – where our goods are stored (especially when …

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One-Stop Shop – EU VAT changes for e-sellers

By Peter / In EU VAT / October 29, 2021

General overview Distance sales threshold was replaced by EU-wide 10K threshold for digital services and goods. That means that intra-community sales are subject to VAT in the EU country of destination. This EU-wide threshold was made for micro-businesses. When they sell less than 10K euro over Europe they may charge VAT rate applicable at their …

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To invoice or not to invoice that is the question

By / In EU VAT / October 18, 2021

From 1st of July, new VAT changes came into force in the EU. These Reforms changed the VAT compliance profile for all e-commerce sellers who sell cross-border and for marketplaces as well. We would like to see these changes from the invoicing perspective. What has changed?   Intra-community B2C sales The one-stop-shop scheme is optional …

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6 new VAT laws to ensure compliance in 2021

By / In EU VAT / October 3, 2021

Marketplaces become deemed suppliers when facilitating sales in the EU, UK, Canada, New Zealand, US, Norway. EU: distance sales thresholds were replaced by EU-wide 10K threshold for digital services and goods. That means that intra-community sales are subject to VAT in the EU country of destination. To simplify the reporting obligations due to this removal …

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VAT reverse charge mechanism cases for sellers and buyers

By Anna / In EU VAT / September 6, 2021

A reverse charge for sellers   1   Supply between EU member states (EU-EU) Reverse charge is a special scheme when a buyer calculates VAT and pays it. It occurs in situations of cross-border sales when your buyer is a VAT registered business. Let me give you an example: French businesses sell software to businesses registered …

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Canada new GST rules for marketplaces

By Anna / In MARKETPLACES / August 5, 2021

That seems that 2021 is to be remembered by online marketplaces. More and more countries introduce new tax rules for OMPs. And Canada is also not far behind. From 1 st of July 2021 all OMPs selling goods to private individuals in Canada must check do they have obligation to register, report and pay GST …