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by Taxamo
4155 days ago
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Hey, JP here from Taxamo. A few points. These new EU rules are effectively seen as the template for the taxation of the digital economy. The OECD has stated that a simplified online registration scheme (such as MOSS), is "the only viable option for applying taxes to e-commerce sales by non-resident traders to private consumers (so-called B2C)." Tax authorities around the globe are looking at how these new rules work out as numerous countries (e.g. Japan, South Africa, Australia, Canada) are either planning to introduce similar rules, or have already revealed plans. The VAT is now due in the country where the digital service is supplied. It is that country's tax, the companies are vehicles for the collection of this tax from their end users. But there's so much more to these new rules than evidence collection or invoicing. That's why we have created a solution that covers all elements of the new rules. Take a look for yourself: http://www.taxamo.com/how-it-works/ |
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Also if you limit sales to businesses (and verify their business status) in the EU region and therefore have no VAT on your invoices do you still have to file a zero value VAT submission via MOSS?