VAT regime in the European Union made easier with the help of Crossborderit (CBIT)

VAT taxation of e-commerce in the EU began in July this year, and businesses that don't understand the new rules continue to struggle to comply. The changes will potentially affect the entire supply chain, from how VAT is calculated and declared in the EU to the data a seller or marketplace must collect for each transaction.

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According to the European Commission, businesses involved in selling products online to EU consumers should assess the impact of the new VAT rules on their sales.

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Don't worry, Shopify and Crossborderit offer an IOSS solution.

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For Shopify merchants, Crossborderit is internalized in the app along with the tax and duty calculator that allows merchants to calculate taxes at checkout, report shipments using their CBIT IOSS number and enter EU countries under the new "one stop shop" rules.

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With Crossborderit (CBIT) it is easy to calculate, collect and pay taxes. With a simple pricing structure, CBIT can take care of IOSS for you, landed as a domestic shipment.

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Register with CBIT's IOSS representation service, which will provide you with your IOSS number and allow you to send VAT-paid parcels to recipients in all 27 EU countries.

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Damon Baca

Co-founder

Crossborderit (CBIT)

www.crossborderit.com/IOSS