Amazon Europe announced that it will adjust the value-added tax service fee from October 1 . If a seller declares through Amazon’s VAT service in five or more countries, Amazon will provide a 5%, 20%, and 30% discount on the VAT filing service fee for five , six , and seven countries , respectively .

The screenshot of the original announcement is as follows:

The picture comes from the Internet

Note that only sellers who can operate in 5 or more countries can enjoy this benefit. In the case of high value-added tax rates in European countries, if a reduction or exemption can be obtained, it will directly reduce the cost of sellers and increase profits.

Why did Amazon suddenly issue a waiver policy? This may be related to the news in July that " Amazon received 1 million pounds in tax relief, profits soared by nearly 60%" . Amazon's profits soared by nearly 60% to £ 204m after HMRC cut Amazon 's tax by £1m .

The tax break is part of a €1bn ( £ 850m ) tax break offered to Amazon by European governments, according to accounts filed by the Luxembourg division of the US company . Amazon's sales in the European region rose nearly 16 percent to 51 billion euros, thanks to tax breaks, the report said.

Then again, all sellers in Europe must file tax declarations truthfully, in a timely and accurate manner, and the premise of enjoying the preferential treatment must be in compliance with relevant policies and regulations. If you do not comply with the regulations, not only will you not be able to enjoy this preferential policy, but you are also likely to be punished. For example, the goods cannot be cleared through customs, the platform account will be blocked, and you will face high fines.

Therefore, it is best to register for VAT immediately after opening an account to avoid tax-related problems in the later period and affect sales.