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®
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
March 13th, 2020
amavat® founding Partner Mr. Claus Frank was recently invited to be on a panel regarding ‘Cross-Border Business’ while attending the 2020 HLB Middle East Regional Meeting in Dubai, United Arab Emirates…Learn more