VAT Compliance in the EU: Tips for Non-EU Businesses
If you’re a non-European Union (EU) business looking to trade with the EU, it’s essential to understand the Value Added Tax (VAT) system. VAT is a consumption tax that applies to most goods and services sold in the EU. Non-EU businesses must navigate complex VAT rules and regulations to ensure compliance and avoid penalties. In […]
The Role of the European Single Market in Cross-Border eCommerce Compliance
The European Single Market is a key driver of cross-border eCommerce in Europe. It allows businesses to sell their products and services to customers across the EU without facing trade barriers such as customs duties or other restrictions. However, with the growth of cross-border eCommerce, businesses must also comply with various regulations and standards. In […]
The Role of e-Invoicing in Cross-Border eCommerce Compliance
With the growth of eCommerce, businesses are now able to sell their goods and services to clients all over the world. Cross-border eCommerce has many advantages but there are also many compliance issues that companies must deal with. Managing the invoicing process across various countries and legal systems can be very difficult. This is where […]
Understanding Free Trade Agreements and Their Impact on eCommerce Compliance
Free trade agreements (FTAs) are an important aspect of international commerce, as they aim to reduce barriers to trade and promote economic growth by eliminating tariffs and non-tariff barriers between countries. In recent years, the rise of eCommerce has made it easier than ever for businesses to participate in cross-border trade, and free trade agreements […]
Shipping to the EU: Compliance Requirements and Best Practices
For many businesses, exporting goods to the European Union (EU) presents a profitable economic opportunity, however, there are a number of compliance standards and requirements that must be adhered to. This blog article will discuss compliance standards and shipping recommendations to the EU. –READ MORE: Get Ready for Import Control System 2 (ICS2)– 1- Understand […]
How Digitalization is Transforming Customs
The safe and legal flow of commodities across borders is made possible by customs, which is a crucial part of global trade. Digitalization has drastically changed the way businesses and governments handle the flow of goods in recent years, including customs procedures. Here are 5 ways that digitization is transforming the customs landscape. –READ MORE: […]
IOSS – Claiming VAT Refunds on Returned Goods
For businesses that operate internationally, claiming VAT refunds can be a complicated and time-consuming process, especially when it comes to returned goods. Fortunately, the introduction of the Import One-Stop Shop (IOSS) in the European Union (EU) has made the process much simpler. In this blog post, we will take a closer look at how IOSS […]
IOSS – Overpayments of VAT
Since the IOSS submissions started, many questions have been raised about overpayments of VAT and how the EU tax authorities will manage to administer overpayments. In today’s post, we will talk about how to identify and what to do in case of overpayments of VAT, following the instructions published by the European Commission in the […]
Switzerland and Norway have joined EU’s Import Control ICS2
The EU’s new security and safety programme have welcomed two EFTA members: Switzerland and Norway. The EU–Switzerland Joint Committee decision ensure Switzerland and Norway apply the same security and safety measures as the EU. As a result, trade between the two countries and the EU does not require entry or exit summary declarations. –READ MORE: […]
Get to Know Our Compliance Solution For Switzerland
Located in one of the best-connected spots in central Europe, Switzerland stands out for its beautiful landscapes, multilingualism and its mighty economy. Officially, the country is not part of the European Union or the Euro Zone, although it is one of the best known and most loyal economic partners of the EU, establishing numerous FTAs […]