Insights

November 14, 2022

USA: New NFT Sales Tax Rules in Wisconsin

The taxation of non-fungible tokens, or NFTs, has been a trending topic in recent years. A non-fungible token, simply described, is a digital identifier recorded in the blockchain. NFT is used to give ownership of a product that cannot be copied.

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November 7, 2022

UAE VAT Changes from 2023: Key Facts

January 1, 2023, will mark the beginning of a new UAE taxation period, with significant changes taking place in the VAT area. The majority of changes will be related to tax compliance and auditing, with some good news for the exporters in the UAE. Please find an overview of the changes below.

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October 31, 2022

VAT on Imports: How to Keep Records?

Importing is a pretty standard process for businesses and individuals. However, reporting important VAT can sometimes be confusing. Below, we explain the most frequent and crucial concepts for goods import.

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October 24, 2022

Uganda: Country Updates VAT Return Templates

On 4th of October, Uganda Revenue Authority, also called the URA, launched templates for VAT and Pay As You Earn (PAYE) schemes.

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October 17, 2022

UK: Making Tax Digital Becomes Obligatory in November

It’s less than a month left for businesses in the UK to migrate from their existing VAT online accounts in order to fill their VAT. From November 1, 2022, companies will have to begin using software compatible with the Making Tax Digital VAT platform.

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October 10, 2022

VAT on NFT: What’s the Situation in the UK?

The cryptocurrency payment tokens and their VAT status have been in a grey area for a while. Currently, the crypto community is discussing the obligations traders and marketplaces in the UK have regarding VAT.

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October 3, 2022

Switzerland: VAT To Be Increased, Based on Citizens’ Vote

On September 25, 2022, the Swiss held a referendum which covered two questions: the potential VAT rate increase and the pension age for women. The two questions are Switzerland’s benefits package, described in the country’s Federal Constitution. Therefore, the votes were carried out via a national referendum.

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September 26, 2022

Sales Across the US and Canada Border: Do Sales and Duty Taxes apply?

There are many Canada-based companies selling their goods and services to the US. It comes as no surprise because the US offers great expansion opportunities and a large market for virtually any product or service.

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September 19, 2022

Overview: What’s the Difference Between EU VAT vs. OSS VAT

The main difference between EU VAT and OSS (One Stop Shop VAT) is that with the EU VAT system, businesses have to register for VAT in every member state in which they trade. If you sell goods or services to customers in more than one EU member state, you must register for VAT in each state in order to collect local VAT. OSS scheme allows the companies to register only for one country and collect local VAT based on the customer location for B2C sales on distance selling or digital goods

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September 12, 2022

Call-Off Stock Scheme on Amazon: When Should Sellers Use It?

The call-off stock scheme has been around in Europe for some time already. Since this August, it has been available for Amazon sellers, too. The call-off stock scheme is one of the simplified rules for VAT accounting which allows sellers to avoid registering for VAT in countries where their clients reside. It usually is possible under strict circumstances, but companies using the Pan-European FBA scheme can now enrol in it more easily.

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September 5, 2022

The UK: VAT Assessment Changes for Online Marketplaces

The UK’s tax authority, HMRC, has changed the procedure of VAT assessment by foreign online marketplaces. The new system came in place this September, speeding up simplifying the VAT returns corrections for the HMRC. The updated method is based on the premise that, in most cases, HMRC already has the information to prepare an accurate assessment.

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August 29, 2022

Chile’s Tax Reform: Main Considerations

This summer, Chile’s Congress received a tax reform proposal which included many provisions on income, foreign entity, and individual taxes, as well as VAT. The goal of the tax bill is to collect more taxes and reduces cases of tax evasion.

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August 22, 2022

Tax Collection for Marketplace Sellers in Canada: Essential Facts

All over the world, marketplace sellers and facilitators of online marketplaces are increasingly facing tax rules specifying the duties of each party participating in the sale. Among countries that have different regulations for marketplace taxation, is Canada and its Marketplace Tax Collection (MTC).

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August 15, 2022

Digital Service Taxes in Europe. What to Expect?

In the past several years, many countries either implemented or began considering the Digital Services Tax (DST). This tax is the income tax for digital companies collected in the country where the business holds its operations. Approximately half of the EU have the DST tax in place or have been planning to enact it. The DST is already applied in Austria, France, Hungary, Italy, Poland, Portugal, Spain, Turkey, and the UK.

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August 8, 2022

Warehousing and VAT: Case Study from Poland

In most cases, VAT is directly related to the place where services are provided, or goods are sold. However, some of the economic activities fall in the grey zone. A vivid example is Poland's real estate services and warehousing, a case explained by the Court of Justice of the European Union.

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August 1, 2022

Simplified VAT rules for small business in the EU: 2025 changes

The EU's SME scheme aims to support small and medium enterprises and reduce the administrative burden. It works by allowing VAT exemptions, set by every member of the European Union individually. The European finance ministers first initiated the SME scheme in 2020, when the need for simplified taxation processes was identified.

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July 25, 2022

Upcoming changes of VAT for financial services providers in the EU

A 2020 action plan adopted by the European Commission (EC) was aimed at fighting tax abuse, creating a more flexible taxation system, and reducing administrative obligations for individuals and businesses. Among the measures in the action plan were an update of the VAT for the financial sector (banking, insurance, etc.) and the decision to lift the VAT exemptions for companies in the sector.

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July 18, 2022

Harmonising reporting and e-invoicing in the EU: planned amendments in 2022

The European Commission continues its tax and reporting harmonisation efforts in the EU member states. Among the most recent public consultation sessions held by the EC was one dedicated to this year's VAT amendments that include changes in electronic invoicing standards.

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July 11, 2022

Changes in the US sales tax: July updates

In most US states (except for Texas, Alabama, New York, and Michigan), July marks the beginning of a new fiscal year. With the beginning of a new tax year, some changes typically take place. This year is no exception. Below, you will find a summary of the most recent changes in sales and use taxes across the US.

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July 4, 2022

Why should you take VAT compliance seriously? Possible consequences of VAT breaches

VAT compliance means time and other resources allocated to administering and filing the VAT for a business of any kind. However, ignoring VAT responsibilities is not an option. In the article below, we will look at the most frequent causes of VAT breaches and explain the risks related to them. We will also give some advice on how to stay VAT compliant efficiently.

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June 27, 2022

How does Intra-Community VAT work in the EU? A simple guide

VAT in the EU is becoming increasingly harmonized and, in some areas – even centralized. Cross-border supplies are one of the activities that benefit a lot from the simplification mechanisms established by the European Commission. Yet, our team at 1StopVAT regularly receives questions on Intra-Community regulation of VAT. This is why we decided to give a brief intro to the topic.

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June 21, 2022

Preparing to sell in the US as a foreign entity

Growing your business abroad is exciting but also brings additional responsibilities, tax, and legal issues included. Today, we will discuss expanding your online or physical business in the US and explain the sales tax aspects of this step.

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June 13, 2022

EU VAT news: simplifying the movement of stocks via the OSS scheme

VAT in the Digital Age program, currently being built by the European Commission, aims to streamline the VAT reporting and compliance in the EU. One pillar of this program is the movement of own goods between the EU states. This section of the VAT policy is now under review, with several scenarios proposed for optimizing the VAT reporting process.

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June 6, 2022

Should you pay taxes for an NFT?

The non-fungible token market has multiplied, with NFTs being sold for amounts ranging from tens to millions of dollars. Yet the status of NFT transactions and especially their taxation is left unknown.

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May 30, 2022

Sales tax and crypto transactions

Cryptocurrencies have grown from a mysterious venture to a widespread means of investing or even paying for services and goods. Yet even though many people buy, sell and use cryptocurrencies for various transactions, their regulation is still in a grey area regarding taxation and reporting.

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May 23, 2022

Payment service providers to monitor cross-border transactions for VAT

From January 1, 2024, payment service providers (PSPs) operating in the EU will be obliged to monitor cross-border payments and provide information about them to tax authorities in the EU member states.

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May 19, 2022

How to start selling online in Europe in 8 simple steps?

With the help of FLEX. Logistics - an e-commerce 3PL with warehouses in Poland and Germany (and more locations coming) which specialize in processing shipments to Amazon FBA in Europe, pre-Amazon storage, FBA prep and forwarding to fulfillment centers as well as B2C/B2B fulfillment, we are presenting 7 basic steps you need to follow to start selling on Amazon in the European Union.

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May 16, 2022

VAT in the Digital EU and the Deemed Supplier Obligations

As the public consultation of VAT in the Digital Age has come to an end, some changes regarding the full liability model for flatforms and the deemed supplier obligation remain unclear to the public. Below, you will find our explanations of changes and challenges from 2025.

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May 9, 2022

Influencers and Accounting. When to Pay VAT and Other Taxes?

More and more people call their career path influencing or digital content creation. These people focus on building an active social media presence and large follower base generated by sharing original content and taking part in brand sponsorship campaigns. You can find examples of such content creators in almost every niche, from food to automobiles or DIY crafts.

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May 4, 2022

Customs and VAT Relief on Temporary Imports in the UK

As the UK has left the EU Customs Union and the VAT system, companies moving between the UK and the EU can apply to have import VAT and customs duties delayed in cases of temporary imports. Imports are considered temporary when goods are brought into the country for processing or repairs and then sent away from the country (onward supply). This is called the Inward Processing Relief (IPR).

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April 25, 2022

Here‘s How to Find Amazon Fulfillment Centers: FBA Warehouses Locator

If you are familiar with the term “sales tax nexus”, you probably know that marketplace sellers in the Fulfillment by Amazon Program (FBA) for a nexus in the state where their inventory is stored. Nexus, in other words, is a strong tie with the state that makes registering at the state’s local tax authority mandatory.

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April 21, 2022

Amazon FBA warehouses in Europe

Amazon in Europe has warehouses located in 7 countries. It allows to decrease the amount of time in which the goods are delivered to final consumers. Usually, it is Amazon Prime product. For those retailers who use Amazon FBA instead of Amazon FBM it greatly facilitates their work.

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April 19, 2022

VAT for Dropshippers in 2022: Everything You Must Know

Dropshipping has become a widespread method of running a retail business in recent years. Its benefits are clear: very little initial investment is needed, no storage facility is required, and an almost endless array of items can be sold this way. However, VAT accounting for dropshippers is often more complex than traditional retailers. Please learn 1StopVAT’s article and learn how to navigate the taxes for your dropshipping business.

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April 11, 2022

Liberia to Join the VAT Regime

Liberia’s government has started the procedures necessary to join the Value Added Tax regime.

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April 5, 2022

Refund of VAT on Amazon FBA

The word has it that Amazon has started refunding sellers for VAT charged on Amazon Selling and FBA fees. Even though Amazon does not widely communicate this, the returns can reach several thousand euros.

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November 8, 2021

Polish Government have introduced mandatory electronic invoicing as of 2023

Recently Poland parliament has approved an amendment to the Value Added Tax law. This recent amendment requires resident and foreign companies doing business in Poland to replace all invoices with electronic ones until 31 December 2022.

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October 21, 2021

Philippines VAT Regime on Digital Services Remains Postponed

The Philippines have announced that they will impose a 12% VAT on foreign digital services and goods that are sold B2C. This new VAT regime hasn`t been implemented yet and won’t be in the nearest future.

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October 15, 2021

Lithuanian taxpayers affected by the pandemic have concluded an interestfree tax–loans for 685 million euros

The Lithuanian State Tax Inspectorate (STI) has announced that over 39,000 taxpayers who have been included in the affected-by-COVID-19 list have already concluded more than 14,000 interest free tax– loan agreements with STI.

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October 1, 2021

Russia changes the application of the VAT reverse charge mechanism

From the 1st of October 2021, the Russian Tax Code will be modified for cases where the VAT tax agent mechanism might be applied. This mechanism is also known as VAT reverse charge.

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September 23, 2021

West Virginia changed taxes on streaming services

West Virginia, a member of the SDR, is required to file a tax matrix each year. The West Virginia Tax Department changed the response and added two comments that affect the taxation of broadcast services.

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September 10, 2021

Lithuania State Tax Inspectorate recently announced updates related to Brexit

Lithuania STI announced that by 2021 November 3rd, all United Kingdom companies with a Lithuanian VAT code that are not residents in Lithuania should have to appoint a fiscal agent and fulfill all VAT obligations through a fiscal agent.

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August 30, 2021

Peloton has received a lawsuit alleging improperly taxed sales tax

Lately Peloton subscribers have filed a proposed class-action lawsuit accusing the maker of improperly charging sales tax on memberships in New York, Virginia and Massachusetts.

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Ukrainian parliament has introduced new VAT regulations for non-resident e-commerce

On 3rd of June 2021  Ukrainian parliament has introduced new value-added tax (VAT) regulations for non-resident e-commerce businesses that will take effect from 1st of January 2022.  

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June 28, 2021

The obligation to register for VAT: 6 common mistakes

Value added tax is applied for most goods and services in Lithuania. There are two ways how legal entities or sole proprietors can register for VAT purposes.

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June 15, 2021

Customs: changes for consignments sent from third countries from July 1 2021 in Lithuania

As of July 1, 2021, import VAT exemption for goods with a value under 22 EUR will be abolished. All consignments sent from third countries to Lithuania will be subject to Lithuanian import VAT. Due to these changes, sellers or buyers of the goods will be required to declare even the cheapest products by submitting electronic customs declarations and pay the import VAT at the Lithuanian border.

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May 20, 2021

A guide to Zalando marketplace for fashion retailers

Our guide on what you need to know before start selling on one of the most popular fashion marketplaces in Europe Zalando.

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May 10, 2021