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The increasing popularity of internet as a new sales channel and online platforms as vending tools have facilitated the cross-border sales for entrepreneurs substantially. This on the other hand has generated new challenges in terms of compliance with local tax laws and regulations.
Generally, online sales is subject to taxation in the country of goods’ destination. Nevertheless, it may be taxed in the country of dispatch until exceeding the sales limit. The sales limit is determined by tax authorities of a country where the goods are destined.
After the sales limit has been exceeded the entrepreneur is obliged to register for VAT purposes in a foreign tax office. Negligence of this tax obligation is sanctioned with tax penalties.
Due to considerable differences in VAT rates in many of European countries, there is a possibility of tax optimization. Our professionals will inform you about the best tax options to develop your business in accordance with legal and tax regulations.
