HOW CAN MDDP HELP YOU?

  • The e-commerce VAT package and your company

    Audit of the company’s readiness for the new obligations involved in the e-commerce VAT package and comprehensive implementation of appropriate solutions aimed at the correct settlement of e-commerce transactions and cross-border services

     

    • Analysis of transactions and settlements made by the company in terms of the new obligations involved in the e-commerce VAT package. Determination of the impact of the new regulations on the company’s operations.
    • Introduction of solutions aimed at correct settlement under the OSS procedure.
    • Support for VAT registration in individual countries (in case of non-application of OSS).
    • Introduction of procedures aimed at verifying the exceedance of sales thresholds in individual countries and application of appropriate tax rates.
    • Support in introducing changes related to the collection and analysis of data on transactions, suppliers, consumers (records) and changes in the scope of accounting and invoicing systems.
    • Introduction of appropriate solutions for entities providing cross-border services.
  • Settlement of trading platforms (electronic interfaces)

    Comprehensive support for entities operating trading platforms in implementing solutions aimed at the correct compliance with VAT settlement obligations

                                                                        

    • Determination of whether the company is subject to the new obligations regarding electronic interfaces.
    • Introduction of solutions aimed at proper documentation and settlement of transactions concluded via trading platforms (including invoicing and the use of cash registers).
    • Designing of activities aimed at limiting the potential liability for non-collected VAT (due diligence).
    • Preparation for the introduction of new tax records relating to transactions concluded via trading platforms.
    • Settlements in OSS and support in registration in individual EU countries.
  • Solutions for importers and carriers (postal operators)

    Introduction of relevant solutions aimed at correct settlement of transactions by importers, couriers and postal operators 

    • Verification of transactions concluded by the company in terms of new obligations involved in the settlement of import of goods.
    • Analysis of the possibility of using the import IOSS (import one-stop-shop) and implementation of solutions aimed at correct settlement of transactions via the import IOSS.
    • Support in registration in individual EU countries.
    • Analysis of the possibility of using the simplified procedure and implementation of solutions aimed at correct settlement of imports on goods presented to customs authoriti
  • Risk Mitigation Procedures

    Introduction of internal procedures mitigating the risks related to incorrect VAT settlements in e-commerce and cross-border services

     

  • Training/Workshops

    • Trainings/workshops on new the regulations on e-commerce taxation intended for:
      • persons in charge of implementing solutions regarding new VAT regulations in e-commerce taxation,
      • employees of financial, tax and legal departments as well as other departments (e.g. purchasing department) in charge of carrying out related transactions and settlements
    • Consultations during which MDDP experts answer reported tricky issues and explain practical doubts related to the e-commerce VAT package.
E-commerce

As of 1 July 2021, a package of ground-breaking changes to the rules on VAT taxation of electronic commerce (e-commerce) is coming into force.

The changes to be implemented are related to activities aimed at tightening the European VAT system. In recent years, the European Union has adopted a number of changes to EU regulations, including ones aimed at combating VAT fraud in the area of ​​e-commerce, equalizing the situation of EU entrepreneurs with third-country entities, a more complete reflection of the principle of taxation of goods/services at the place of their consumption and reducing the administrative burden related to tax obligations for entities operating in the e-commerce industry. These changes are to take effect from the beginning of the second half of the year.

The planned modifications will have very far-reaching effects and will require appropriate preparation from almost all entities operating in the e-commerce industry. Moreover, these key changes will affect not only e-commerce entrepreneurs, but may also affect the activities of all entities providing cross-border services.

For whom?

The new obligations will apply to many companies operating both online and offline:

  • sellers of on-line goods (entities operating in the e-commerce industry),
  • companies operating electronic trading interfaces (platforms
  • entities providing cross-border services,
  • companies participating in deliveries as carriers (postal operators, couriers).
#MORE knowlegde from the European Commission

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