Do you know how VAT will be paid to many others countries when you reach 10k? It will be one system or what? How you will get VAT back to you from country from which you dont buy goods to sell... this will ruin many small business
Great presentation! The flow chart was very helpful. I had a couple follow-up questions regarding the point you made at the 13:20 mark (non-eu merchant > goods shipped from EU > deemed supplier). Could you please clarify why the OMP would be a deemed supplier in this case? Also, am I understanding correctly that the OMP would use the VAT rate for the DESTINATION country to charge at point of sale? Thanks for your help!
Hi. OMP will be deemed supplier in all cases, where non-eu merchant is involved, no matter where the goods are located. Yes, that is correct - OMP will use VAT rate of destination country.
@@virginijusgirnius Thanks so much! One last clarification, please. If the consignment imported is >150EUR then OMP is NOT deemed supplier and the non-EU merchant will have to register for OSS in a chose member state to collect/remit/pay VAT (destination country rate) to that member state's tax authorities? Is that correct?
@@santosj1 Not exactly. If consignment is > 150 EUR, then the non - EU merchant has to pay import VAT at the border but is not obliged to register for VAT purposes in OSS until he reaches a 10.000,00 EUR sales threshold in EU.
Yeah sellers are having to deal with and Brexit within a few weeks of eachother. Total nightmare and I'm beginning to wonder if my online business is worth the hassle with all this.
@@scottb32a Yes, but this change has come from the EU and affects all countries around the world. The VAT within the EU is also highly complicated because each country has their own rate. For years this has been used by gangs to commit fraud. The UK govt lost billions each year over this.
This guy with the presentation sounds like a fly 🪰 everytime he pauses and starts speaking again. No wonder it's confusing to understand the topic Lol 😆
👉 Everything About VAT When Selling on Amazon FBA Europe, Brexit and Tax Changes in 2021: th-cam.com/video/Dq53mHOejas/w-d-xo.html
Do you know how VAT will be paid to many others countries when you reach 10k? It will be one system or what? How you will get VAT back to you from country from which you dont buy goods to sell... this will ruin many small business
Hi Arnold, your question requires more detalization, please drop a message at our website and explain your particular situation. Thanks!
good question...
Great presentation! The flow chart was very helpful. I had a couple follow-up questions regarding the point you made at the 13:20 mark (non-eu merchant > goods shipped from EU > deemed supplier). Could you please clarify why the OMP would be a deemed supplier in this case? Also, am I understanding correctly that the OMP would use the VAT rate for the DESTINATION country to charge at point of sale? Thanks for your help!
Hi. OMP will be deemed supplier in all cases, where non-eu merchant is involved, no matter where the goods are located. Yes, that is correct - OMP will use VAT rate of destination country.
@@virginijusgirnius Thanks so much! One last clarification, please. If the consignment imported is >150EUR then OMP is NOT deemed supplier and the non-EU merchant will have to register for OSS in a chose member state to collect/remit/pay VAT (destination country rate) to that member state's tax authorities? Is that correct?
@@santosj1 Not exactly. If consignment is > 150 EUR, then the non - EU merchant has to pay import VAT at the border but is not obliged to register for VAT purposes in OSS until he reaches a 10.000,00 EUR sales threshold in EU.
@@virginijusgirnius ah I see. that makes sense. thanks again for the clarification!
Thanks for sharing. Which VAT will apply when the customers registration address is outside of EU and shipping address is in EU? Thanks
Hi Anna. You should apply shipping destination`s VAT rate.
Thank you for this
Not very clear confusing no wounder we came out of EU
Haha, VAT is never easy. :)
what ??? Leaving the EU has created a bureaucratic nightmare and a dramatic increase in costs . Its a joke
Yeah sellers are having to deal with and Brexit within a few weeks of eachother. Total nightmare and I'm beginning to wonder if my online business is worth the hassle with all this.
@@scottb32a Yes, but this change has come from the EU and affects all countries around the world. The VAT within the EU is also highly complicated because each country has their own rate. For years this has been used by gangs to commit fraud. The UK govt lost billions each year over this.
This guy with the presentation sounds like a fly 🪰 everytime he pauses and starts speaking again. No wonder it's confusing to understand the topic Lol 😆