VAT for E-commerce
E-commerce is the most growing area in retail sector. Merchants now can reach customers worldwide within seconds through online stores. If an entity is doing business by selling products online through its own website, then it is also very important to know about the VAT obligations of distance selling. Local registration might be required prior to international transactions.
Registration of VAT shall be required with reference to the location of warehouse of the entity. If an entity has warehouses in more than one country then then it has to check and review with reference to the laws of other countries. Once the entity meets the annual threshold criteria with reference to other country then it must register as a non-resident VAT trader in the country.
Our VAT specialist team will help to establish procedures, guidelines and train the staff members for how to charge VAT, collect the backup, impact of VAT on movement of goods from home state to the state of the customers, how to account for the VAT with reference to other countries regulations and to prepare the VAT return. Furthermore, our services will cover the following areas of business:
- International VAT obligations as an online retailer
- VAT impact on holding of stock in any country
- Distance selling rules and implications of VAT
- VAT obligations for selling through marketplaces
- VAT obligations using own website
- Impact of VAT on exchange rates of currency
We would be delighted to discuss how we can help you, and your group or company. Please get in touch and contact us at [email protected] or alternatively, contact our office directly.