VAT Ai Blog

An EORI (Economic Operators Registration and Identification) number is a unique identification code used in the European Union for customs purposes. It's required for businesses and individuals who import or export goods to or from the EU. The EORI number helps customs authorities track and manage the movement of goods across borders.

Amazon has announced that their VAT Services on Amazon program will be coming to an end on October 31, 2024. This significant change will impact all sellers across Europe who rely on Amazon's VAT Services to manage their VAT obligations.

The Goods and Services Tax (GST) is a crucial part of Australia's tax system. Introduced on July 1, 2000, GST is a broad-based tax of 10% on most goods, services, and other items sold or consumed in Australia. Whether you're a business owner, consumer, or just curious about how taxation works in Australia, understanding GST is essential.

When it comes to Value Added Tax (VAT), businesses need to be aware of two key concepts: input VAT and output VAT. These terms refer to the VAT paid on purchases and the VAT charged on sales, respectively. Understanding the differences between input and output VAT is crucial for businesses to accurately calculate their VAT liability and ensure compliance with tax regulations.

Amazon has announced that it will be ending the Call-Off Stock (COS) program on August 1, 2024. Until that date, sellers can continue to sell existing inventory stored under the COS program and pay domestic FBA fees. After August 1, 2024, sellers will need to pay European Fulfilment Network fees instead of domestic FBA fees for any products that were previously enrolled in the COS program. This change will require Amazon sellers to adapt their VAT compliance and inventory management strategies for their businesses across Europe.

The General Product Safety Regulation (GPSR) is set to become applicable on December 13, 2024. This new regulation will replace the General Product Safety Directive and Food Imitating Product Directive. It introduces comprehensive requirements for most non-food consumer products offered for sale in the EU.

Amazon will enforce strict CE marking requirements for battery-related products sold on its platform. This change, aligned with the new EU Batteries Regulation, will take effect on August 18, 2024. With only a month left before the deadline, sellers who fail to comply will risk their products being removed from the platform.

Starting January 1, 2025, a German regulation on Extended Producer Responsibility (EPR) for Single-Use Plastic will come into effect, impacting sellers of products containing single-use plastics on Amazon.de and other online marketplaces.

The VAT One-Stop Shop, commonly referred to as VAT OSS or simply OSS, is an electronic portal introduced on July 1, 2021. It simplifies VAT obligations for businesses engaged in cross-border eCommerce within the EU. The OSS replaces the previous Mini One-Stop Shop (MOSS) system, expanding its scope to cover more types of B2C transactions.