VAT Compliance for Online Sellers
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.
