🏠 VAT Page 3

VAT

Value Added Tax is the abbreviation of Value Added Tax, which is the after-sales VAT commonly used in EU countries, that is, the profit tax on the sales price of goods. If the goods enter European countries (according to EU laws), the goods shall pay import taxes; After the goods are sold, the merchants can refund the import tax (IMPROT VAT), and then pay the corresponding sales tax (SALES VAT) according to the sales volume. In domestic VAT, the output tax can be offset by the input tax for the same reason.
 Detailed explanation of VAT tax penalties in Germany

Detailed explanation of VAT tax penalties in Germany

With regard to the problem of checking accounts and paying taxes in Germany, many sellers are not particularly clear about Germany's punishment policy. Today, I will introduce some common tax penalties in Germany in detail. 1. Säumniszuschlag §2...

2020-09-14  Cross border Guide Cross border Guide

 UK reduced the VAT rate of food, accommodation and tourist attractions to 5%

UK reduced the VAT rate of food, accommodation and tourist attractions to 5%

On June 8, British Chancellor of the Exchequer Rishi Sunak released the emergency economic stimulus budget in Parliament, focusing on "promoting employment, ensuring employment and creating jobs". In the budget, the VAT for food, accommodation and scenic spots has been reduced

2020-09-14  Cross border Guide Cross border Guide

 Austrian VAT remote sales threshold

Austrian VAT remote sales threshold

On June 26, 2020, Austria was elected as the new president of Eurofisc by the member states at the general meeting of the members. He will take over from July 2020 for a term of two years. Therefore, Austria is now the EU VAT anti fraud network

2020-09-14  Cross border Guide Cross border Guide

 Czech VAT new law, Czech VAT knowledge points to be understood

Czech VAT new law, Czech VAT knowledge points to be understood

Recently, many European sellers have received a notice from Amazon that they need to upload Polish VAT, Czech VAT and Austrian VAT. Now the whole EU is fully implementing and promoting tax compliance, and is suffering from the epidemic

2020-09-14  Cross border Guide Cross border Guide

 Introduction to UK VAT rate

Introduction to UK VAT rate

Recently, many new sellers asked about the UK VAT rate. In fact, there are two tax rates in the UK. Here we briefly introduce the two UK VAT rates. I hope you can know more about them and distinguish between them. 1. The tax rate is

2020-09-14  Cross border Guide Cross border Guide

 Amazon UAE site and UAE VAT

Amazon UAE site and UAE VAT

When it comes to "the Middle East", your first reaction is desert, camel, oasis, mosque's liturgy, Aladdin's magic lamp... or oil, gold, Dubai Tower, sailing hotel, sports cars all over the street? The Middle East is wealth

2020-09-14  Cross border Guide Cross border Guide