Europe has begun to strictly investigate tax payment, sellers face tax recovery and store closures
At present, European countries have begun to strictly investigate tax payment and crack down on all kinds of tax evasion and tax evasion. This is another stormy blow for sellers.
It is reported that the EU will propose a more extreme new taxation framework, referred to as BEFIT. Sellers in Europe should know that the tax payment review in Europe has been relatively strict before, and value-added tax verification (VAT) will be carried out from time to time, and this BEFIT is undoubtedly an upgraded version.
air shipping from china to usa
It is mainly aimed at companies throughout the EU, allowing taxation of the same things throughout the EU, and after the tax is collected, the profits of each EU country will be distributed at the national tax rate.
Moreover, the EU’s new tax reform will also launch the platform for collection and payment on July 1. Once the seller’s tax is not compliant, the tax bureau can directly ban the account.
air shipping from china to usa
The new tax payment system is about to be introduced, and European tax inspections will be more stringent. A large number of sellers have also begun to panic.
It is reported that recently some sellers have begun to calculate the amount of tax recovered in Britain and Germany in advance to prepare for tax verification in advance. It seems that this tax recovery battle is bound to be very fierce, and sellers must prepare in advance.
Once checked, the seller will undoubtedly face a "heavy bleeding". If the seller abandons the store, the long-term effort will be wasted.
air shipping from china to usa
I believe that cross-border sellers in Europe have more or less experienced the ups and downs of VAT in Germany, the United Kingdom, and Italy, and the rounds of tax inspections have made sellers worry about them. It is understood that 90% of cross-border sellers have VAT problems. However, the European tax collection is so aggressive that a large number of cross-border sellers may suffer as a result.
In addition, through cooperation with e-commerce platforms such as Amazon and eBay, European countries can fine-tune the tax data of cross-border e-commerce sellers, which can be traced back a long time ago, when sellers may have to pay huge taxes. Therefore, the editor reminds sellers to pay taxes legally and compliance is also a good strategy for long-term development.
air shipping from china to usa
