What should I do if Amazon Europe does not have VAT? What does Amazon Europe VAT mean?

What should I do if Amazon Europe does not have VAT? What does Amazon Europe VAT mean?

Dear Amazon merchants, if you want to open a store, you need to choose a suitable site, such as the European site. This site is quite good. For Amazon merchants, what if the Amazon European site does not have VAT? The following content will explain to you.

What to do if Amazon Europe does not have VAT?

According to the relevant policy documents on Amazon's VAT compliance, cross-border sellers selling on the platform must strictly abide by the compliance requirements of the local market. If a cross-border seller does not have VAT on Amazon's European site, then it is necessary to contact a regular local tax agent in Europe as soon as possible to register for European VAT. According to the platform's suggestions, Chinese sellers need to register for the VAT number of any country in which they use inventory.

What does Amazon European VAT mean?

Amazon European VAT actually means using the Amazon platform to sell in the European market and paying Value Added Tax in accordance with the law. According to the UK VAT reform measures and the EU VAT reform measures on January 1, 2021 and July 1, 2021, in order to further combat VAT fraud in the European market, major cross-border e-commerce platforms have been given joint liability for tax compliance supervision. If users of the e-commerce platform commit VAT fraud, the platform as a supervisory agency will also bear certain responsibilities. Therefore, many cross-border e-commerce platforms have a series of VAT compliance supervision obligations. All cross-border e-commerce sellers selling on European sites must register VAT tax numbers in accordance with the law and regularly declare the VAT on their sales.

According to the European tax authorities' requirements for VAT compliance, if cross-border sellers fail to register a VAT number in a timely manner, the local tax authorities will freeze their accounts. At the same time, the local tax authorities will contact the platform to remove the sales rights of their stores, and impose late payment fees and fines on the sellers according to the specific circumstances.

According to the relevant regulations of the Amazon platform, sellers selling on European sites cannot continue to sell without a VAT tax number.

After reading the above content, you should know what to do if Amazon Europe does not have VAT. For Amazon merchants, there are many problems. Timely handling of these problems can actually bring many benefits to Amazon merchants.

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