Landed Cost Calculation Essentials
In the ever-expanding realm of cross-border eCommerce, understanding landed cost calculation is paramount for businesses seeking to thrive in international markets. Landed cost, the total price of a product once it has arrived at a buyer’s doorstep, encompasses various expenses such as customs duties, taxes, shipping fees, and handling charges. Accurate landed cost calculation is […]
Cross-border Duties & Taxes Demystified
Are you a business engaged in cross-border trade? If so, you’re likely familiar with the complexities surrounding duties and taxes. Navigating the labyrinth of international regulations and tariffs can be daunting, often leading to unexpected costs and delays. But fear not! In this post, we’ll shed light on this intricate subject and introduce you to […]
Get to Know Our Compliance Solution for the UK
With the UK’s official withdrawal from the European Union, relations between British and EU-based traders took new commercial, political and even social directions. Currently, countries on both sides are struggling to comply with numerous new rules and requirements that have added more complexity to the flow of goods in the region. Although economic agreements facilitate […]
DDU or DDP: What is the Best Option for Consumers?
In the realm of international trade and eCommerce, incoterms play a significant role in shaping customer experience. These terms dictate who is responsible for paying customs duties, taxes, and other fees associated with cross-border shipments. But what exactly do DDU and DDP entail, and which option is the best for consumers? Let’s delve into the […]
The Impact of the IOSS on Customer Experience
In recent years, the rapid growth of e-commerce has facilitated seamless transactions across borders, allowing businesses to expand their reach and customers to access products from around the world. However, one significant obstacle that eCommerce businesses and customers faced was the complicated VAT (Value Added Tax) collection process for cross-border sales. To address this issue, […]
VAT Updates in the EU in 2024: What You Need to Know
The year 2024 brings some important changes to the VAT rates, rules and regulations in the EU. Some countries have increased or decreased their VAT rates, while others have introduced new exemptions or reduced rates for certain goods and services. In this blog post, we will summarize the main VAT updates in the EU in […]
Are IOSS and ICS2 the same?
Without much ado, the answer is no. Although they are both related to cross-border eCommerce, IOSS (Import One-Stop Shop) and ICS2 (Import Control System 2) are two separate systems with different purposes. Import One-Stop Shop (IOSS) IOSS is a simplified VAT payment system that was introduced in the EU in July 2021. It allows businesses […]
The ViDA Proposal: Revolutionizing VAT in the Digital Age
The European Commission’s proposal on VAT in the Digital Age (ViDA) marks a significant step toward modernizing the European Union’s VAT system. Unveiled in December 2022, ViDA aims to address the challenges posed by the digital economy and streamline VAT processes across EU member states. This blog post provides a concise overview of the key […]
Last-Mile Delivery Revolution: AI and Smart Logistics Solution
In the age of e-commerce, the last mile of delivery has become a critical battleground for businesses aiming to satisfy the ever-increasing demands of consumers for faster, more convenient, and reliable deliveries. This final leg of the delivery journey is often the most challenging, and it’s where innovations in artificial intelligence (AI) and smart logistics […]
EU E-Commerce: Platforms as Deemed Importers
The world of e-commerce is on the brink of a revolutionary transformation within the European Union (EU). Starting from March 1, 2028, a sweeping change will reshape the dynamics of online shopping, business responsibilities, and customer experience. This pivotal change designates e-commerce platforms as deemed importers, a significant shift that places considerable obligations on these […]