The planned reduction in VAT rates by 1 July 2020 will most likely enter into force in good time.
What are the implications and, if necessary, the opportunities for the digital economy?
Note:At the end of this blog post, you will find a matrix or Value Added Tax logic that should definitely cover your billing tool or ERP.
Impact on the digital economy
There are many questions at the moment.
- Will e-commerce benefit from this?
- What are the biggest VAT stumbling blocks for online retailers and their tax advisors?
- Will there be pragmatic transitional solutions for the financial administration?
- As an online retailer, can I simply sit out this reform?
- What happens to subscription services?
Together with one of the largest dealer communities – Word Filter – and the Federal Association of Online Retailers e.V., Taxdoo Co-Founder Dr. Roger Gothmann answered and discussed these and other questions live and unplugged on 10 June.
The recording of the live stream can be found here.
Which tax rate applies when?
Taxdoo is the compliance platform for the digital economy
... and, in addition to handling the current online retailers in Europe, forms the Value Added Tax compliance with numerous other compliance services via a unique platform.
If you want to know more about how you Value Added Tax -Compliance, financial accounting and much more can be mapped efficiently and securely via a platform, then book your individual and free initial interview with the compliance experts of Taxdoo via this link!
You are also welcome to register for our regular demo webinar in which we will introduce Taxdoo and our compliance services and answer your questions personally.
P.S.: Taxdoo has been an official partner of DATEV in online trading since the beginning of 2020.