Fiscal representation in the EU: Don't worry Crossborderit can help you.
December 16, 2022
Ecommerce companies can open a business in any of the 27 EU member states and apply for an IOSS number in this country. If so, the ecommerce will have to declare and pay taxes in this country for all EU sales. However, setting up a legal entity can be costly and frustrating, it makes more sense to look for a Fiscal Representative (Like Crossborderit) to handle this regulation for you.
A tax representative such as CBIT will help you declare and pay VAT on your behalf
In Sweden they were pioneers, their systems easily adapt to the new IOSS rules. Intermediaries like Crossborderit are onboarding clients and setting up processes with a better understanding of the rules and systems.
CBIT integrations with other services
If an ecommerce uses other Crossborderit CBIT services such as duty and tax calculation or HS code assignment, our system can easily collect the necessary VAT data for IOSS. In addition to this Shopify merchants can also have an IOSS number thanks to CBIT.
Crossborderit is a cross-border fulfillment platform that was developed with the goal to fully automate all aspects of cross-border trade and make it as easy as possible to ship goods globally.
Crossborderit's solutions are automated and AI (artificial intelligence) based, which helps companies save time and resources while handling large amounts of data almost instantly and accurately.
Simply sign up and let CBIT take care of the rest.