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Amazon Updates European VAT Calculation Service

Amazon Europe recently (January 29, 2023) announced that Amazon is updating the European VAT calculation service policy to apply business-to -business (B2B) VAT calculations for specific products to certain types of Amazon European stores. Products of.

With the introduction of EU B2B product-specific VAT calculations effective February 7, 2023, Amazon will apply product-related domestic reverse taxation (0% VAT) to sales that meet the following conditions:

First, the sale of electronic products is subject to domestic reverse taxes and fees associated with the product. Taxes on these products vary by country and affect products such as mobile phones, computer chips, e-readers, laptops, tablets or video game consoles;

Second, B2B sales in Europe;

Third, the value of the shipment is above the applicable threshold (usually around EUR 5,000);

Fourth, sales in the UK, Germany, Romania, Czech Republic, Austria, Denmark or Latvia.

Xiao Bian summarizes

That is, from February 7, 2023, after Amazon introduces EU B2B product-specific value-added tax calculations, it will issue invoices for 0 tax rates that meet the above 4 points.

It is the seller who is responsible for the declaration, which is equivalent to the buyer's declaration

Detailed examples are as follows: