European VAT related knowledge
With the popularity of cross-border e-commerce, more and more sellers are entering the Amazon platform, and the European market, which is a major share of Amazon, is attracting many sellers. If you want to make a fortune on Amazon Europe, you must understand the importance of European VAT tax and make a compliant VAT declaration. one. What is European VAT: European VAT mainly refers to five countries: Germany, Italy, the United Kingdom, France and Spain. VAT stands for value added tax, which is a turnover tax. This turnover tax is a tax levied on the capital increase of taxpayers in their production and business activities. Taking the UK as an example, when clothing enters the UK, clothing suppliers need to pay import taxes. This import tax is mainly import value-added tax, also called import customs value-added tax. When the sales of this batch of clothing are completed, the clothing supplier can apply for a refund of the import VAT as input tax, and then charge the corresponding...