In 2017, 1.66 billion people made online purchases and e-retail sales amounted $2.3 trillion world-wide. Projections show this amount will grow up to $ 4.48 billion by 2021.
It’s clear that companies around the world are increasingly seizing the opportunities of the internet to sell their goods to new consumer bases in markets far beyond their home countries. But with new opportunities also come new challenges. As an online seller, it is important you meet your VAT obligations as part of the sales process.
When using fulfilment by Amazon (FBA) an obligation to register for VAT locally can be created. HLB has developed a cutting-edge solution called amavat® to help you guide through this process.
Using amavat®, we offer VAT compliance services in many countries. Through our global network of tax experts, we offer one point of contact in each country for online sellers with multiple VAT registration. Our goal is to limit the commercial impact of distance selling regulations on your business, while ensuring you remain fully compliant.
Learn more about amavat®
June 1st, 2020
We regularly inform you about successive governmental bills referred to as “Anti-Crisis Shields”. On 31st March this year the Anti-Crisis Shield 1.0 was adopted a…Learn more
April 3rd, 2020
The package of laws under the anti-crisis shield have come into force. On 31st March 2020, the Journal of Laws published and thus entered into force a package…Learn more
March 16th, 2020
Founding partner of amavat® and getsix® partner Mr. Claus Frank would like to extend his thanks to the host firm HLB HAMT Chartered Accountants…Learn more