The big seller was fined 1.2 million yuan, and the strict investigation is still ongoing...

With Brexit in January, EU tax reform in July, and Amazon and other major e-commerce platforms updating their tax policies, most European cross-border sellers are in a miserable situation due to VAT issues. Nowadays, the fire of tax compliance in Europe has not stopped...

The big seller paid a fine of 1.2 million yuan, for reasons no one expected

With the continuous update of VAT policies in European countries, Amazon Europe, eBay and other platforms are all rigidly requiring VAT, which undoubtedly troubles many Chinese cross-border sellers. For sellers on European sites, tax requirements are becoming more and more compliant. Some sellers want to save costs and choose to evade taxes, but this is not the right way to do it. Instead, they may fall into the swamp of being blocked.

A seller revealed that a big seller in the industry had his account blocked due to VAT issues. In order to get the account back, he paid an additional 1.2 million in taxes. However, he was told that he had to pay an even larger amount. Stuck between the account and the sky-high taxes, the seller finally chose to abandon the account.

In fact, sellers who have been blocked due to VAT are not isolated cases. Some sellers said that when the VAT policy came into effect, they rushed to spend tens of thousands of yuan to register, but they did not expect that a large number of accounts would be blocked before the VAT was paid. With the "bloody" lesson in front of us, the editor would like to remind all cross-border sellers to register VAT in advance.

Amazon has not slacked off on the VAT issue and has been following up. "Is it necessary to register VAT in Poland and the Czech Republic? Amazon sends a reminder email every day," said a seller.

Judging from the current situation of sellers, not only will they be charged taxes for not providing VAT, but they may also be terminated due to VAT. In addition, paying VAT is also a top priority. Import VAT refunds, customs clearance, normal sales on the platform, VAT invoices, and the transaction rate and positive review rate of overseas customers are all closely related to paying VAT.

For sellers who want to continue to conquer the European market, they must never let their accounts "run naked" again. They must register VAT as soon as possible and submit it to the platform for verification to avoid being late.

Chaos is everywhere? VAT industry is constantly engaged in "shady" operations

The fire of European taxation has been spreading. It is particularly important for sellers to find a reliable service provider. However, the VAT industry is in chaos, and all kinds of "sexy" operations are really overwhelming.

There are endless problems such as slow tax declaration receipt, tax calculation errors, overcharge, missing declarations, wrong declarations, etc. Recently, a seller revealed that a company specializing in VAT services seemed to have run away, and the relevant business personnel could not be contacted, and friends around him were also affected.

Therefore, professional matters should be left to professionals, and it is particularly important to choose a reliable service provider. The editor learned that Eurotax, as a one-stop VAT tax intelligent declaration platform, provides VAT registration and declaration services in many countries such as the UK, Germany and France, and its declaration time only takes 5 minutes, and it can also help sellers reduce 85% of VAT declaration costs. So far, Eurotax has served more than 60,000 sellers nationwide, and has registered more than 186,000 tax numbers.

During the period from November 8th to November 13th, Eurotax spent 50 million to launch three waves of benefits to ignite Double 11 and comfort the majority of cross-border sellers.

Benefit 1: From November 8th to 10th at 10:00 and 14:00, the VAT transfer for the four countries of England, Germany, Italy and Spain is free;

Benefit 2: On Double 11, all products will be 50% off and limited-time flash sales will be available while stocks last.

Benefit three: From 0:00 on November 12th to 23:59 on November 13th, all services will be renewed at a 30% discount, limited time offer.

Interested sellers can scan the QR code below and consult WeChat: 13662264980 to learn more about the event and participate in the limited-time sale!

Big Sell

VAT

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